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 (TSE:LB) last posted its quarterly earnings data on Tuesday, September 4th. The company reported C$1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. On average, equities research analysts expect that Laurentian Bank of Canada will post 5.25253884346406 EPS for the current year.

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

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