Laurentian Bank of Canada (LB) PT Raised to C$60.00 at National Bank Financial
Laurentian Bank of Canada (TSE:LB) had its price target lifted by stock analysts at National Bank Financial from C$59.00 to C$60.00 in a research report issued on Wednesday, StockTargetPrices.com reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 7.14% from the stock’s current price.
A number of other brokerages have also weighed in on LB. Canaccord Genuity upped their price target on shares of Laurentian Bank of Canada from C$63.00 to C$67.00 in a research note on Wednesday, November 1st. CIBC upped their price target on shares of Laurentian Bank of Canada from C$61.00 to C$66.00 in a research note on Monday, November 13th. Desjardins reduced their price target on shares of Laurentian Bank of Canada from C$60.00 to C$59.00 in a research note on Wednesday. BMO Capital Markets raised shares of Laurentian Bank of Canada from a “market perform” rating to an “outperform” rating and upped their price target for the stock from C$57.00 to C$62.00 in a research note on Wednesday. Finally, Barclays upped their price target on shares of Laurentian Bank of Canada from C$57.00 to C$62.00 in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of C$60.90.
Laurentian Bank of Canada (TSE:LB) traded down C$4.80 during trading on Wednesday, reaching C$56.00. 907,479 shares of the company’s stock were exchanged, compared to its average volume of 128,039. Laurentian Bank of Canada has a 52-week low of C$51.57 and a 52-week high of C$62.90.
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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.
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