Laurentian Bank of Canada (LB) Price Target Cut to C$45.00
Laurentian Bank of Canada (TSE:LB) had its target price dropped by investment analysts at BMO Capital Markets from C$50.00 to C$45.00 in a research report issued on Thursday. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 13.46% from the company’s current price.
Other equities analysts also recently issued reports about the stock. Cormark cut their price target on shares of Laurentian Bank of Canada from C$53.00 to C$45.00 in a report on Wednesday, September 5th. Barclays cut their price target on shares of Laurentian Bank of Canada from C$52.00 to C$49.00 in a report on Wednesday, September 5th. CIBC cut their price target on shares of Laurentian Bank of Canada from C$49.00 to C$47.00 in a report on Wednesday, September 5th. Canaccord Genuity cut their price target on shares of Laurentian Bank of Canada from C$44.00 to C$40.00 in a report on Thursday, November 22nd. 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 equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$46.64.
Shares of TSE:LB opened at C$39.66 on Thursday. Laurentian Bank of Canada has a 12 month low of C$37.05 and a 12 month high of C$58.08.
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.
Receive News & Ratings for Laurentian Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laurentian Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.