Laurentian Bank of Canada (LB) PT Lowered to C$55.00
Several other brokerages have also commented on LB. National Bank Financial restated a sector perform market weight rating on shares of Laurentian Bank of Canada in a research note on Tuesday, January 16th. TD Securities cut their price target on Laurentian Bank of Canada from C$64.00 to C$58.00 and set a buy rating on the stock in a research note on Thursday. Barclays cut their price target on Laurentian Bank of Canada from C$59.00 to C$57.00 in a research note on Friday, February 16th. Canaccord Genuity raised their price target on Laurentian Bank of Canada from C$63.00 to C$67.00 in a research note on Wednesday, November 1st. Finally, Royal Bank of Canada cut their price target on Laurentian Bank of Canada from C$60.00 to C$55.00 and set a sector perform rating on the stock in a research note on Wednesday, December 6th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of C$56.40.
Shares of Laurentian Bank of Canada (LB) opened at C$49.29 on Thursday. Laurentian Bank of Canada has a 52-week low of C$48.55 and a 52-week high of C$62.90. The firm has a market capitalization of $2,050.00, a price-to-earnings ratio of 8.98 and a beta of 0.45.
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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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