Laurentian Bank of Canada (TSE:LB) had its target price reduced by stock analysts at Scotiabank from C$64.00 to C$59.00 in a research note issued to investors on Wednesday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 10.53% from the company’s current price.

Other equities analysts have also issued reports about the stock. Desjardins reduced their target price on shares of Laurentian Bank of Canada from C$59.00 to C$57.00 in a research report on Tuesday. CSFB reduced their target price on shares of Laurentian Bank of Canada from C$57.00 to C$55.00 in a research report on Tuesday, January 9th. Barclays raised their target price on shares of Laurentian Bank of Canada from C$57.00 to C$62.00 in a research report on Wednesday, December 6th. CIBC raised their target price on shares of Laurentian Bank of Canada from C$61.00 to C$66.00 in a research report on Monday, November 13th. Finally, Canaccord Genuity raised their target price on shares of Laurentian Bank of Canada from C$63.00 to C$67.00 in a research report on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of C$59.10.

Shares of Laurentian Bank of Canada (LB) traded down C$0.82 during trading hours on Wednesday, hitting C$53.38. 449,152 shares of the stock were exchanged, compared to its average volume of 402,133. The stock has a market capitalization of $2,080.00, a price-to-earnings ratio of 9.90 and a beta of 0.48. Laurentian Bank of Canada has a fifty-two week low of C$51.57 and a fifty-two week high of C$62.90.

Laurentian Bank of Canada (TSE:LB) last issued its earnings results on Tuesday, December 5th. The company reported C$1.63 EPS for the quarter, topping the Zacks’ consensus estimate of C$1.54 by C$0.09. Laurentian Bank of Canada had a net margin of 22.10% and a return on equity of 11.90%.

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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.

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

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