Laurentian Bank of Canada (LB) Upgraded by TD Securities to Buy
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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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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