Laurentian Bank of Canada (TSE:LB) had its price objective decreased by research analysts at CSFB from C$57.00 to C$55.00 in a note issued to investors on Friday. CSFB’s price target points to a potential upside of 3.03% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. National Bank Financial reaffirmed a “sector perform market weight” rating on shares of Laurentian Bank of Canada in a research report on Tuesday, January 16th. Barclays dropped their target price on shares of Laurentian Bank of Canada from C$62.00 to C$59.00 in a research report on Wednesday. Scotiabank dropped their target price on shares of Laurentian Bank of Canada from C$64.00 to C$59.00 and set a “sector perform” rating for the company in a research report on Wednesday. Desjardins dropped their target price on shares of Laurentian Bank of Canada from C$59.00 to C$57.00 in a research report on Tuesday, January 16th. Finally, CIBC dropped their target price on shares of Laurentian Bank of Canada from C$66.00 to C$60.00 in a research report on Monday, December 11th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Laurentian Bank of Canada currently has an average rating of “Hold” and a consensus target price of C$59.10.

Shares of Laurentian Bank of Canada (TSE LB) opened at C$53.38 on Friday. Laurentian Bank of Canada has a 12-month low of C$51.57 and a 12-month high of C$62.90. The company has a market cap of $2,080.00, a PE ratio of 9.90 and a beta of 0.48.

Laurentian Bank of Canada (TSE:LB) last posted its earnings results on Tuesday, December 5th. The company reported C$1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.54 by C$0.09. Laurentian Bank of Canada had a net margin of 22.10% and a return on equity of 11.90%.

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Laurentian Bank of Canada Company Profile

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.

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

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