Laurentian Bank of Canada (TSE:LB) Receives C$36.44 Average Target Price from Analysts

Shares of Laurentian Bank of Canada (TSE:LB) have earned a consensus recommendation of “Strong Sell” from the five research firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$36.44.

Several equities research analysts have weighed in on the stock. BMO Capital Markets raised their price objective on shares of Laurentian Bank of Canada from C$31.00 to C$40.50 in a research report on Monday, December 8th. Raymond James Financial downgraded shares of Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a research note on Monday, December 8th. Desjardins reduced their target price on shares of Laurentian Bank of Canada from C$50.00 to C$40.00 and set a “tender” rating on the stock in a research report on Monday, February 9th. Scotiabank set a C$33.00 price target on shares of Laurentian Bank of Canada and gave the company a “sector perform” rating in a report on Tuesday, November 25th. Finally, Canadian Imperial Bank of Commerce cut shares of Laurentian Bank of Canada from a “neutral” rating to a “tender” rating and boosted their price objective for the stock from C$35.00 to C$40.50 in a research report on Monday, December 8th.

Laurentian Bank of Canada Stock Performance

Shares of TSE:LB opened at C$40.23 on Tuesday. The business has a fifty day moving average of C$40.08 and a 200-day moving average of C$36.68. Laurentian Bank of Canada has a twelve month low of C$24.37 and a twelve month high of C$40.47. The firm has a market cap of C$1.80 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 0.76 and a beta of 1.35.

Laurentian Bank of Canada Company Profile

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada – primarily in Québec and Ontario – as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.