Scotiabank Trims Laurentian Bank of Canada (LB) Target Price to C$56.00
Laurentian Bank of Canada (TSE:LB) had its price target lowered by Scotiabank from C$58.00 to C$56.00 in a research report report published on Thursday. Scotiabank currently has a sector perform rating on the stock.
A number of other equities analysts have also commented on the company. Canaccord Genuity restated a speculative buy rating and set a C$57.00 price objective on shares of Laurentian Bank of Canada in a research note on Thursday. Barclays lowered their price objective on Laurentian Bank of Canada from C$59.00 to C$57.00 in a research note on Friday, February 16th. CSFB lowered their price objective on Laurentian Bank of Canada from C$57.00 to C$55.00 in a research note on Friday, January 19th. National Bank Financial restated a sector perform market weight rating on shares of Laurentian Bank of Canada in a research note on Tuesday, January 16th. Finally, Desjardins lowered their price objective on Laurentian Bank of Canada from C$59.00 to C$57.00 in a research note on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of C$56.40.
Laurentian Bank of Canada (TSE:LB) opened at C$49.29 on Thursday. Laurentian Bank of Canada has a 52 week low of C$48.55 and a 52 week high of C$62.90. The company has a market capitalization of $2,050.00, a price-to-earnings ratio of 8.98 and a beta of 0.45.
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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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