Laurentian Bank of Canada (TSE:LB) had its target price cut by Scotiabank from C$67.00 to C$64.00 in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential upside of 14.29% from the company’s current price.

LB has been the topic of several other research reports. Desjardins reduced their target price on shares of Laurentian Bank of Canada from C$60.00 to C$59.00 in a report on Wednesday. BMO Capital Markets upgraded shares of Laurentian Bank of Canada from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$57.00 to C$62.00 in a report on Wednesday. National Bank Financial lifted their target price on shares of Laurentian Bank of Canada from C$59.00 to C$60.00 and gave the company a “sector perform” rating in a report on Wednesday. Canaccord Genuity lowered shares of Laurentian Bank of Canada from a “buy” rating to a “speculative buy” rating and reduced their target price for the company from C$67.00 to C$61.00 in a report on Wednesday. Finally, Barclays lifted their target price on shares of Laurentian Bank of Canada from C$57.00 to C$62.00 in a report on Wednesday. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Laurentian Bank of Canada has an average rating of “Hold” and an average price target of C$60.90.

Laurentian Bank of Canada (LB) traded down C$4.80 during trading hours on Wednesday, hitting C$56.00. 907,479 shares of the company traded hands, compared to its average volume of 128,039. Laurentian Bank of Canada has a 1-year low of C$51.57 and a 1-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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