Laurentian Bank of Canada (LB) Price Target Cut to C$55.00
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.
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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.
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