Laurentian Bank of Canada (TSE:LB) – Equities research analysts at Cormark reduced their Q1 2018 earnings estimates for shares of Laurentian Bank of Canada in a research report issued on Friday, according to Zacks Investment Research. Cormark analyst M. Grauman now forecasts that the company will earn $1.56 per share for the quarter, down from their prior forecast of $1.60. Cormark also issued estimates for Laurentian Bank of Canada’s FY2018 earnings at $6.17 EPS and FY2019 earnings at $6.78 EPS.
Other equities analysts have also recently issued research reports about the stock. National Bank Financial reaffirmed a “sector perform market weight” rating on shares of Laurentian Bank of Canada in a research note on Tuesday, January 16th. Scotiabank reduced their price objective on shares of Laurentian Bank of Canada from C$64.00 to C$59.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 17th. Royal Bank of Canada reduced their price objective on shares of Laurentian Bank of Canada from C$60.00 to C$55.00 and set a “sector perform” rating for the company in a research note on Wednesday, December 6th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$60.00 price objective on shares of Laurentian Bank of Canada in a research note on Thursday, March 1st. Finally, CSFB reduced their price objective on shares of Laurentian Bank of Canada from C$57.00 to C$55.00 in a research note on Friday, January 19th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of C$56.40.
Laurentian Bank of Canada (TSE LB) traded down C$0.47 on Monday, hitting C$49.42. 159,716 shares of the stock traded hands, compared to its average volume of 290,721. The stock has a market capitalization of $2,060.00, a P/E ratio of 9.00 and a beta of 0.45. Laurentian Bank of Canada has a 52-week low of C$48.09 and a 52-week high of C$62.90.
In related news, Director Sonia Baxendale bought 1,500 shares of the company’s stock in a transaction on Monday, March 5th. The stock was acquired at an average cost of C$48.50 per share, for a total transaction of C$72,750.00.
Laurentian Bank of Canada Company Profile
Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.
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