Laurentian Bank of Canada (OTCMKTS:LRCDF) Given Average Recommendation of “Reduce” by Brokerages

Shares of Laurentian Bank of Canada (OTCMKTS:LRCDF) have earned a consensus recommendation of “Reduce” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

LRCDF has been the subject of several analyst reports. Royal Bank Of Canada raised shares of Laurentian Bank of Canada to a “sector perform” rating in a research note on Friday, December 5th. BMO Capital Markets reissued a “market perform” rating on shares of Laurentian Bank of Canada in a research report on Monday, December 8th. Raymond James Financial downgraded shares of Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a research note on Friday, December 5th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Laurentian Bank of Canada in a research note on Wednesday, December 3rd.

Laurentian Bank of Canada Price Performance

Shares of LRCDF opened at $29.37 on Wednesday. Laurentian Bank of Canada has a 1-year low of $18.00 and a 1-year high of $29.61. The firm has a 50 day simple moving average of $29.16 and a 200-day simple moving average of $25.53.

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.