Laurentian Bank of Canada (TSE:LB) had its price target cut by analysts at CSFB from C$57.00 to C$55.00 in a research note issued on Friday. CSFB’s price objective would suggest a potential upside of 3.95% from the company’s previous close.
Several other equities research analysts have also recently weighed in on LB. National Bank Financial reaffirmed a “sector perform market weight” rating on shares of Laurentian Bank of Canada in a research note on Tuesday. Scotiabank dropped their target price on Laurentian Bank of Canada from C$64.00 to C$59.00 and set a “sector perform” rating on the stock in a report on Wednesday. Barclays dropped their target price on Laurentian Bank of Canada from C$62.00 to C$59.00 in a report on Wednesday. Desjardins dropped their target price on Laurentian Bank of Canada from C$60.00 to C$59.00 in a report on Wednesday, December 6th. Finally, CIBC boosted their target price on Laurentian Bank of Canada from C$61.00 to C$66.00 in a report on Monday, November 13th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of C$59.10.
Shares of Laurentian Bank of Canada (TSE:LB) traded down C$0.11 during mid-day trading on Friday, reaching C$52.91. The company had a trading volume of 386,146 shares, compared to its average volume of 398,696. The stock has a market capitalization of $2,060.00, a PE ratio of 9.82 and a beta of 0.48. 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 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.
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