Laurentian Bank of Canada (TSE:LB) PT Set at C$40.50 by Desjardins

Laurentian Bank of Canada (TSE:LB) has been assigned a C$40.50 price target by equities researchers at Desjardins in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has a “tender” rating on the stock. Desjardins’ price objective indicates a potential upside of 0.60% from the stock’s current price.

Laurentian Bank of Canada Price Performance

TSE:LB traded down C$0.03 during trading hours on Wednesday, reaching C$40.26. 23,869 shares of the company were exchanged, compared to its average volume of 182,131. The company has a market capitalization of C$1.80 billion, a P/E ratio of 129.87, a P/E/G ratio of 0.76 and a beta of 1.20. Laurentian Bank of Canada has a 1-year low of C$29.51 and a 1-year high of C$40.78. The business has a 50 day moving average of C$40.31 and a 200 day moving average of C$40.22.

Laurentian Bank of Canada (TSE:LB) last posted its quarterly earnings data on Friday, May 29th. The company reported C$0.46 EPS for the quarter. The firm had revenue of C$236.16 million for the quarter. Laurentian Bank of Canada had a return on equity of 1.01% and a net margin of 1.36%. As a group, equities research analysts anticipate that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current fiscal year.

About Laurentian Bank of Canada

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada – primarily in Québec and Ontario – as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.