Laurentian Bank of Canada (OTCMKTS:LRCDF) Given Average Recommendation of “Reduce” by Brokerages

Laurentian Bank of Canada (OTCMKTS:LRCDF) has received a consensus recommendation of “Reduce” from the six research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company.

Several equities research analysts have recently commented on LRCDF shares. Scotiabank reaffirmed a “sector perform” rating on shares of Laurentian Bank of Canada in a research report on Wednesday, December 3rd. BMO Capital Markets reissued a “market perform” rating on shares of Laurentian Bank of Canada in a research note on Monday, December 8th. Royal Bank Of Canada raised Laurentian Bank of Canada to a “sector perform” rating in a research report on Friday, December 5th. Finally, Raymond James Financial downgraded Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a report on Friday, December 5th.

Laurentian Bank of Canada Price Performance

Shares of LRCDF stock opened at $29.29 on Wednesday. The stock has a fifty day moving average of $29.20 and a 200 day moving average of $25.78. Laurentian Bank of Canada has a 52 week low of $18.00 and a 52 week high of $29.61.

Laurentian Bank of Canada Company Profile

The Laurentian Bank of Canada (OTCMKTS:LRCDF) is headquartered in Quebec City and is one of Canada’s Schedule I banks. Established in 1846, the institution has grown from a regional savings bank into a diversified financial services provider. While its core footprint remains in Quebec, the bank also serves customers in other Canadian provinces through a network of branches, digital channels and broker partnerships.

Laurentian Bank’s personal banking division offers chequing and savings accounts, mortgages, lines of credit, credit cards and payment solutions.