Laurentian Bank of Canada (TSE:LB) had its target price decreased by research analysts at CSFB from C$57.00 to C$55.00 in a research report issued on Tuesday. CSFB’s price target would suggest a potential downside of 3.22% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. National Bank Financial boosted their price objective on shares of Laurentian Bank of Canada from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 6th. Royal Bank of Canada decreased their price objective on shares of Laurentian Bank of Canada from C$60.00 to C$55.00 and set a “sector perform” rating for the company in a research note on Wednesday, December 6th. BMO Capital Markets upgraded shares of Laurentian Bank of Canada from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$57.00 to C$62.00 in a research note on Wednesday, December 6th. Canaccord Genuity downgraded shares of Laurentian Bank of Canada from a “buy” rating to a “speculative buy” rating and decreased their price objective for the stock from C$67.00 to C$61.00 in a research note on Wednesday, December 6th. Finally, Scotiabank decreased their price objective on shares of Laurentian Bank of Canada from C$67.00 to C$64.00 and set a “sector perform” rating for the company in a research note on Wednesday, December 6th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Laurentian Bank of Canada presently has a consensus rating of “Hold” and a consensus price target of C$60.10.

Laurentian Bank of Canada (TSE:LB) traded up C$0.16 during trading hours on Tuesday, hitting C$56.83. 170,594 shares of the stock were exchanged, compared to its average volume of 239,041. The firm has a market capitalization of $2,210.00, a price-to-earnings ratio of 10.54 and a beta of 0.48. Laurentian Bank of Canada has a twelve month low of C$51.57 and a twelve month high of C$62.90.

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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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