Laurentian Bank of Canada (OTCMKTS:LRCDF) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Laurentian Bank of Canada (OTCMKTS:LRCDF) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $24.51 and traded as high as $29.03. Laurentian Bank of Canada shares last traded at $29.03, with a volume of 500 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LRCDF shares. Royal Bank Of Canada upgraded Laurentian Bank of Canada to a “sector perform” rating in a research report on Friday, December 5th. BMO Capital Markets reissued a “market perform” rating on shares of Laurentian Bank of Canada in a research note on Monday, December 8th. Scotiabank restated a “sector perform” rating on shares of Laurentian Bank of Canada in a report on Wednesday, December 3rd. Finally, Raymond James Financial cut shares of Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a research note on Friday, December 5th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Laurentian Bank of Canada Price Performance

The company has a fifty day simple moving average of $24.73 and a two-hundred day simple moving average of $23.44.

About Laurentian Bank of Canada

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.