Laurentian Bank of Canada (TSE:LB) Receives Consensus Recommendation of “Strong Sell” from Analysts

Shares of Laurentian Bank of Canada (TSE:LB) have received a consensus recommendation of “Strong Sell” from the five analysts that are covering the firm, 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 12 month price target among analysts that have updated their coverage on the stock in the last year is C$36.44.

A number of research analysts have weighed in on the stock. 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. Royal Bank Of Canada upgraded Laurentian Bank of Canada from a “strong sell” rating to a “hold” rating and raised their target price for the company from C$25.00 to C$40.00 in a research report on Monday, December 8th. Scotiabank set a C$33.00 price target on Laurentian Bank of Canada and gave the company a “sector perform” rating in a research note on Tuesday, November 25th. Desjardins reduced 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 report on Monday, February 9th. Finally, Canadian Imperial Bank of Commerce downgraded Laurentian Bank of Canada from a “neutral” rating to a “tender” rating and increased their price target for the stock from C$35.00 to C$40.50 in a research report on Monday, December 8th.

Laurentian Bank of Canada Price Performance

Shares of TSE LB opened at C$40.29 on Tuesday. The stock has a market capitalization of C$1.80 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 0.76 and a beta of 1.35. The firm’s 50 day simple moving average is C$40.09 and its 200-day simple moving average is C$36.79. Laurentian Bank of Canada has a 12 month low of C$24.37 and a 12 month high of C$40.47.

Laurentian Bank of Canada (TSE:LB) last posted its earnings results on Friday, February 27th. The company reported C$0.65 earnings per share (EPS) for the quarter. Laurentian Bank of Canada had a net margin of 3.72% and a return on equity of 2.86%. The firm had revenue of C$251.56 million during the quarter. 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.