Raymond James Financial Forecasts Strong Price Appreciation for Laurentian Bank of Canada (TSE:LB) Stock

Laurentian Bank of Canada (TSE:LB) had its price target lifted by analysts at Raymond James Financial from C$30.00 to C$40.50 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Raymond James Financial’s price target indicates a potential upside of 1.50% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Scotiabank set a C$33.00 target price on Laurentian Bank of Canada and gave the stock a “sector perform” rating in a research report on Tuesday, November 25th. Desjardins lifted their price objective on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the company a “sell” rating in a research report on Wednesday, August 13th. National Bankshares reduced their target price on shares of Laurentian Bank of Canada from C$27.00 to C$26.00 and set an “underperform” rating on the stock in a research report on Tuesday, September 2nd. Jefferies Financial Group increased their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$31.00 in a report on Wednesday, August 13th. Finally, CIBC boosted their target price on Laurentian Bank of Canada from C$33.00 to C$35.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of C$32.21.

Laurentian Bank of Canada Stock Up 0.1%

Laurentian Bank of Canada stock opened at C$39.90 on Wednesday. Laurentian Bank of Canada has a 12 month low of C$24.37 and a 12 month high of C$40.01. The company’s fifty day simple moving average is C$33.23 and its 200-day simple moving average is C$31.65. The stock has a market cap of C$1.77 billion, a P/E ratio of 13.08, a P/E/G ratio of 0.76 and a beta of 1.47.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients.