Laurentian Bank of Canada (TSE:LB) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued on Wednesday, StockTargetPrices.com reports. The firm currently has a C$63.00 price objective on the stock, up from their previous price objective of C$62.00. TD Securities’ price target points to a potential upside of 12.50% from the stock’s previous close.

LB has been the subject of a number of other reports. National Bank Financial raised their price objective on shares of Laurentian Bank of Canada from C$58.00 to C$59.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 30th. BMO Capital Markets raised their price objective on shares of Laurentian Bank of Canada from C$56.00 to C$57.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 30th. Scotiabank reissued a “sector perform” rating and set a C$60.00 price objective on shares of Laurentian Bank of Canada in a research note on Monday, August 21st. CIBC raised their price objective on shares of Laurentian Bank of Canada from C$61.00 to C$66.00 in a research note on Monday, November 13th. Finally, Canaccord Genuity raised their price objective on shares of Laurentian Bank of Canada from C$63.00 to C$67.00 in a research note on Wednesday, November 1st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Laurentian Bank of Canada presently has a consensus rating of “Hold” and an average target price of C$60.90.

Shares of 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 12 month low of C$51.57 and a 12 month high of C$62.90.

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About Laurentian Bank of Canada

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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