Laurentian Bank of Canada (TSE:LB) had its price objective lowered by equities research analysts at Barclays from C$48.00 to C$46.00 in a report released on Thursday. Barclays’ price objective would indicate a potential upside of 22.24% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. CIBC cut their price target on shares of Laurentian Bank of Canada from C$47.00 to C$43.00 in a report on Thursday. Desjardins cut their price target on shares of Laurentian Bank of Canada from C$45.00 to C$44.00 in a report on Thursday. Royal Bank of Canada cut their price target on shares of Laurentian Bank of Canada from C$56.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Thursday. BMO Capital Markets cut their price target on shares of Laurentian Bank of Canada from C$50.00 to C$45.00 and set a “market perform” rating on the stock in a report on Thursday. Finally, TD Securities cut their price target on shares of Laurentian Bank of Canada from C$52.00 to C$51.00 and set a “buy” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of C$46.64.

Laurentian Bank of Canada stock traded down C$2.19 during midday trading on Thursday, hitting C$37.63. 1,104,067 shares of the stock were exchanged, compared to its average volume of 288,115. Laurentian Bank of Canada has a 52-week low of C$37.05 and a 52-week high of C$58.08.

Laurentian Bank of Canada (TSE:LB) last released its quarterly earnings results on Tuesday, September 4th. The company reported C$1.34 earnings per share for the quarter, missing the consensus estimate of C$1.47 by C($0.13). The company had revenue of C$260.66 million for the quarter, compared to analyst estimates of C$267.51 million. As a group, research analysts anticipate that Laurentian Bank of Canada will post 5.25253884346406 earnings per share for the current year.

In related news, insider William James Alexander Mason acquired 2,000 shares of the stock in a transaction on Friday, September 7th. The shares were acquired at an average price of C$42.50 per share, with a total value of C$85,000.00.

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 and leasing solutions.

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

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