Laurentian Bank of Canada (TSE:LB) Receives C$36.44 Average Target Price from Brokerages

Shares of Laurentian Bank of Canada (TSE:LB) have received a consensus recommendation of “Strong Sell” from the five research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$36.44.

Several equities research analysts recently commented on the company. Royal Bank Of Canada upgraded Laurentian Bank of Canada from a “strong sell” rating to a “hold” rating and lifted their price objective for the stock from C$25.00 to C$40.00 in a report on Monday, December 8th. Desjardins dropped their price target on shares of Laurentian Bank of Canada from C$50.00 to C$40.00 and set a “tender” rating on the stock in a report on Monday, February 9th. Raymond James Financial cut shares of Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a report on Monday, December 8th. Scotiabank set a C$33.00 price objective on shares of Laurentian Bank of Canada and gave the company a “sector perform” rating in a research report on Tuesday, November 25th. Finally, Canadian Imperial Bank of Commerce downgraded shares of Laurentian Bank of Canada from a “neutral” rating to a “tender” rating and lifted their target price for the stock from C$35.00 to C$40.50 in a research report on Monday, December 8th.

Laurentian Bank of Canada Trading Up 0.0%

LB stock opened at C$40.12 on Friday. The stock’s 50 day simple moving average is C$40.06 and its 200 day simple moving average is C$35.71. Laurentian Bank of Canada has a 12-month low of C$24.37 and a 12-month high of C$40.42. The stock has a market capitalization of C$1.79 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 0.76 and a beta of 1.49.

Laurentian Bank of Canada (TSE:LB) last posted its earnings results on Friday, December 5th. The company reported C$0.73 EPS for the quarter. The business 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, research analysts predict that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current 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.