Laurentian Bank of Canada (OTCMKTS:LRCDF) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Laurentian Bank of Canada (OTCMKTS:LRCDF) have been given a consensus rating of “Reduce” by the six research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company.

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada raised shares of Laurentian Bank of Canada to a “sector perform” rating in a research report on Friday, December 5th. Scotiabank reaffirmed a “sector perform” rating on shares of Laurentian Bank of Canada in a research note on Wednesday, December 3rd. BMO Capital Markets reissued a “market perform” rating on shares of Laurentian Bank of Canada in a research note on Monday, December 8th. Finally, Raymond James Financial cut Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a research report on Friday, December 5th.

Laurentian Bank of Canada Price Performance

Shares of LRCDF opened at $29.37 on Tuesday. The business’s 50-day moving average price is $25.73 and its 200 day moving average price is $23.86. Laurentian Bank of Canada has a 1-year low of $18.00 and a 1-year high of $29.37.

Laurentian Bank of Canada Company Profile

The Laurentian Bank of Canada (OTCMKTS:LRCDF) is headquartered in Quebec City and is one of Canada’s Schedule I banks. Established in 1846, the institution has grown from a regional savings bank into a diversified financial services provider. While its core footprint remains in Quebec, the bank also serves customers in other Canadian provinces through a network of branches, digital channels and broker partnerships.

Laurentian Bank’s personal banking division offers chequing and savings accounts, mortgages, lines of credit, credit cards and payment solutions.