Laurentian Bank of Canada (LB) Given a C$41.00 Price Target at CSFB

Laurentian Bank of Canada (TSE:LB) has been given a C$41.00 price objective by investment analysts at CSFB in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has an “underperform” rating on the stock. CSFB’s target price indicates a potential downside of 2.89% from the stock’s current price.

LB has been the subject of several other reports. Royal Bank of Canada decreased their target price on Laurentian Bank of Canada from C$51.00 to C$48.00 and set a “sector perform” rating for the company in a research report on Thursday, February 28th. TD Securities lowered Laurentian Bank of Canada from a “buy” rating to a “hold” rating and decreased their target price for the company from C$51.00 to C$47.00 in a research report on Thursday, February 28th. Desjardins decreased their target price on Laurentian Bank of Canada from C$43.00 to C$42.00 and set a “hold” rating for the company in a research report on Thursday, February 28th. National Bank Financial lowered Laurentian Bank of Canada from a “sector perform” rating to an “underperform” rating and decreased their target price for the company from C$41.00 to C$36.00 in a research report on Thursday, February 28th. Finally, CIBC decreased their target price on Laurentian Bank of Canada from C$43.00 to C$41.00 in a research report on Thursday, February 28th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of C$43.36.

TSE LB traded down C$0.07 on Thursday, reaching C$42.22. The company had a trading volume of 218,829 shares, compared to its average volume of 315,199. The firm has a market capitalization of $1.80 billion and a P/E ratio of 9.23. Laurentian Bank of Canada has a 52-week low of C$36.21 and a 52-week high of C$49.74.

Laurentian Bank of Canada (TSE:LB) last released its quarterly earnings results on Wednesday, February 27th. The company reported C$0.98 EPS for the quarter, missing analysts’ consensus estimates of C$1.29 by C($0.31). The company had revenue of C$242.34 million during the quarter, compared to analyst estimates of C$259.30 million. As a group, research analysts anticipate that Laurentian Bank of Canada will post 4.91999982830465 EPS for the current fiscal year.

About Laurentian Bank of Canada

Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance solutions.

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Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

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