Laurentian Bank of Canada (LB) Price Target Lowered to C$59.00 at Scotiabank
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.
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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.
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