Laurentian Bank of Canada (LB) Stock Rating Reaffirmed by BMO Capital Markets
Laurentian Bank of Canada (TSE:LB)‘s stock had its “outperform” rating restated by analysts at BMO Capital Markets in a note issued to investors on Thursday. They presently have a C$60.00 price objective on the stock. BMO Capital Markets’ target price points to a potential upside of 21.73% from the stock’s previous close.
Other analysts have also recently issued research reports about the stock. Desjardins reduced their price target on shares of Laurentian Bank of Canada from C$60.00 to C$59.00 in a research report on Wednesday, December 6th. Barclays increased their price target on shares of Laurentian Bank of Canada from C$57.00 to C$62.00 in a research report on Wednesday, December 6th. CIBC increased their price target on shares of Laurentian Bank of Canada from C$61.00 to C$66.00 in a research report on Monday, November 13th. Canaccord Genuity increased their price target on shares of Laurentian Bank of Canada from C$63.00 to C$67.00 in a research report on Wednesday, November 1st. Finally, CSFB reduced their price target on shares of Laurentian Bank of Canada from C$57.00 to C$55.00 in a research report on Tuesday, January 9th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus 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. The stock has a market cap of $2,050.00, a PE ratio of 8.98 and a beta of 0.45. Laurentian Bank of Canada has a 1 year low of C$48.55 and a 1 year 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.
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