Laurentian Bank of Canada (TSE:LB) Given Consensus Recommendation of “Strong Sell” by Brokerages

Laurentian Bank of Canada (TSE:LB) has been assigned a consensus recommendation of “Strong Sell” from the five analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$36.44.

A number of research firms recently issued reports on LB. Raymond James Financial cut shares of 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 price target for the stock from C$35.00 to C$40.50 in a report on Monday, December 8th. Desjardins dropped their price target on Laurentian Bank of Canada from C$50.00 to C$40.00 and set a “tender” rating for the company in a research note on Monday, February 9th. Royal Bank Of Canada raised Laurentian Bank of Canada from a “strong sell” rating to a “hold” rating and raised their price objective for the company from C$25.00 to C$40.00 in a report on Monday, December 8th. Finally, BMO Capital Markets upped their target price on Laurentian Bank of Canada from C$31.00 to C$40.50 in a report on Monday, December 8th.

Laurentian Bank of Canada Stock Up 0.1%

TSE:LB opened at C$40.11 on Friday. Laurentian Bank of Canada has a twelve month low of C$24.37 and a twelve month high of C$40.42. The stock’s 50-day simple moving average is C$40.04 and its 200 day simple moving average is C$35.38. The firm has a market capitalization of C$1.79 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 0.76 and a beta of 1.49.

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

About Laurentian Bank of Canada

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.