Laurentian Bank of Canada (TSE:LB) had its price target dropped by research analysts at CIBC from C$66.00 to C$60.00 in a report issued on Monday. CIBC’s price target would indicate a potential upside of 4.49% from the company’s current price.

LB has been the topic of a number of other research reports. Desjardins dropped their target price on Laurentian Bank of Canada from C$60.00 to C$59.00 in a research report on Wednesday, December 6th. National Bank Financial upped their target price on Laurentian Bank of Canada from C$58.00 to C$59.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 30th. BMO Capital Markets upped their target price on Laurentian Bank of Canada from C$56.00 to C$57.00 and gave the company a “market perform” rating in a research report on Wednesday, August 30th. TD Securities upgraded Laurentian Bank of Canada from a “hold” rating to a “buy” rating and upped their target price for the company from C$62.00 to C$63.00 in a research report on Wednesday, December 6th. Finally, Barclays upped their price objective on Laurentian Bank of Canada from C$57.00 to C$62.00 in a research report on Wednesday, December 6th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of C$60.30.

Shares of Laurentian Bank of Canada (TSE LB) traded up C$0.88 during midday trading on Monday, reaching C$57.42. The company had a trading volume of 472,865 shares, compared to its average volume of 137,662. 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 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.

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

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