Laurentian Bank of Canada (TSE:LB) had its price objective dropped by research analysts at Royal Bank Of Canada from C$60.00 to C$55.00 in a report issued on Wednesday, StockTargetPrices.com reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential downside of 1.79% from the company’s previous close.

LB has been the subject of several other research reports. Desjardins dropped their target price on shares of Laurentian Bank of Canada from C$60.00 to C$59.00 in a research report on Wednesday. BMO Capital Markets raised shares of Laurentian Bank of Canada from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$57.00 to C$62.00 in a research report on Wednesday. Scotiabank reissued a “sector perform” rating and issued a C$60.00 target price on shares of Laurentian Bank of Canada in a research report on Monday, August 21st. National Bank Financial boosted their target price on shares of Laurentian Bank of Canada from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Canaccord Genuity downgraded shares of Laurentian Bank of Canada from a “buy” rating to a “speculative buy” rating and lowered their price objective for the company from C$67.00 to C$61.00 in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Laurentian Bank of Canada has a consensus rating of “Hold” and an average target price of C$60.90.

Laurentian Bank of Canada (LB) traded down C$4.80 on Wednesday, hitting C$56.00. 907,479 shares of the stock traded hands, compared to its average volume of 128,039. Laurentian Bank of Canada has a one year low of C$51.57 and a one year high of C$62.90.

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Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.

Stock Target Prices

Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

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