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.

Laurentian Bank of Canada (TSE:LB) last issued its quarterly earnings results on Tuesday, September 4th. The company reported C$1.34 EPS 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 the consensus estimate of C$267.51 million. As a group, sell-side analysts forecast that Laurentian Bank of Canada will post 5.50000006933938 earnings per share for the current year.

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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