Desjardins Has Lowered Expectations for Laurentian Bank of Canada (TSE:LB) Stock Price

Laurentian Bank of Canada (TSE:LB) had its price target decreased by investment analysts at Desjardins from C$50.00 to C$40.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “tender” rating on the stock. Desjardins’ price objective would indicate a potential downside of 0.20% from the stock’s current price.

Other research analysts have also issued research reports about 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. BMO Capital Markets increased their price objective on Laurentian Bank of Canada from C$31.00 to C$40.50 in a report on Monday, December 8th. Raymond James Financial lowered Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a research report on Monday, December 8th. Canadian Imperial Bank of Commerce downgraded shares of Laurentian Bank of Canada from a “neutral” rating to a “tender” rating and upped their target price for the stock from C$35.00 to C$40.50 in a research report on Monday, December 8th. Finally, Royal Bank Of Canada upgraded shares of Laurentian Bank of Canada from a “strong sell” rating to a “hold” rating and increased their price target for the stock from C$25.00 to C$40.00 in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Strong Sell” and a consensus target price of C$36.44.

Laurentian Bank of Canada Trading Up 0.0%

Shares of TSE LB opened at C$40.08 on Monday. The firm has a fifty day simple moving average of C$40.01 and a two-hundred day simple moving average of C$34.98. Laurentian Bank of Canada has a 12 month low of C$24.37 and a 12 month high of C$40.42. The firm has a market capitalization of C$1.79 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 0.76 and a beta of 1.49.

Laurentian Bank of Canada (TSE:LB) last announced its quarterly earnings results on Friday, December 5th. The company reported C$0.73 earnings per share (EPS) for the quarter. Laurentian Bank of Canada had a negative net margin of 0.30% and a negative return on equity of 0.20%. The company had revenue of C$244.71 million for the quarter. On average, sell-side analysts predict that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current year.

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. The business services segment provides financial services, commercial banking, real estate financing, and equipment and inventory financing to business clients.