CIBC Increases Laurentian Bank of Canada (LB) Price Target to C$66.00
Laurentian Bank of Canada (TSE:LB) had its price target increased by equities researchers at CIBC from C$61.00 to C$66.00 in a report issued on Monday. CIBC’s price target would indicate a potential upside of 13.30% from the company’s previous close.
A number of other analysts also recently weighed in on LB. Barclays PLC reduced their target price on shares of Laurentian Bank of Canada from C$58.00 to C$57.00 in a report on Friday, August 11th. Canaccord Genuity boosted their target price on shares of Laurentian Bank of Canada from C$63.00 to C$67.00 in a report on Wednesday, November 1st. BMO Capital Markets boosted their target price on shares of Laurentian Bank of Canada from C$56.00 to C$57.00 and gave the stock a “market perform” rating in a report on Wednesday, August 30th. National Bank Financial boosted their target price on shares of Laurentian Bank of Canada from C$58.00 to C$59.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 30th. Finally, Scotiabank restated a “sector perform” rating and issued a C$60.00 target price on shares of Laurentian Bank of Canada in a report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Laurentian Bank of Canada currently has a consensus rating of “Hold” and a consensus price target of C$59.70.
Shares of Laurentian Bank of Canada (TSE:LB) opened at C$58.25 on Monday. Laurentian Bank of Canada has a fifty-two week low of C$50.59 and a fifty-two week high of C$61.67.
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About Laurentian Bank of Canada
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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