Laurentian Bank of Canada (OTCMKTS:LRCDF) Receives Consensus Recommendation of “Reduce” from Analysts

Laurentian Bank of Canada (OTCMKTS:LRCDF) has been given an average rating of “Reduce” by the six brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company.

Several equities analysts have recently weighed in on LRCDF shares. Royal Bank Of Canada upgraded Laurentian Bank of Canada to a “sector perform” rating in a research report on Friday. Raymond James Financial downgraded Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a research note on Friday. Scotiabank reiterated a “sector perform” rating on shares of Laurentian Bank of Canada in a research report on Wednesday, December 3rd. Finally, BMO Capital Markets restated a “market perform” rating on shares of Laurentian Bank of Canada in a research report on Monday.

Laurentian Bank of Canada Trading Up 0.4%

Laurentian Bank of Canada stock opened at $28.71 on Friday. The firm has a 50 day simple moving average of $24.06 and a 200 day simple moving average of $23.12. Laurentian Bank of Canada has a 1-year low of $18.00 and a 1-year high of $28.71.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.