Laurentian Bank of Canada (LB) Price Target Lowered to C$51.00 at Royal Bank of Canada
Laurentian Bank of Canada (TSE:LB) had its price target decreased by Royal Bank of Canada from C$56.00 to C$51.00 in a research report released on Thursday. Royal Bank of Canada currently has a sector perform rating on the stock.
A number of other equities analysts also recently issued reports on LB. CIBC dropped their price objective on shares of Laurentian Bank of Canada from C$49.00 to C$47.00 in a report on Wednesday, September 5th. Barclays dropped their price objective on shares of Laurentian Bank of Canada from C$52.00 to C$49.00 in a report on Wednesday, September 5th. Cormark dropped their price objective on shares of Laurentian Bank of Canada from C$53.00 to C$45.00 in a report on Wednesday, September 5th. BMO Capital Markets cut shares of Laurentian Bank of Canada from an outperform rating to a market perform rating and decreased their target price for the stock from C$57.00 to C$50.00 in a research note on Wednesday, September 5th. Finally, National Bank Financial decreased their target price on shares of Laurentian Bank of Canada from C$48.00 to C$45.00 and set a sector perform rating on the stock in a research note on Wednesday, September 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Laurentian Bank of Canada has a consensus rating of Hold and a consensus target price of C$46.64.
LB opened at C$39.48 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 Company Profile
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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