Laurentian Bank of Canada (TSE:LB - Get Free Report) had its price target decreased by equities researchers at Scotiabank from C$33.00 to C$28.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. Scotiabank's price target would suggest a potential upside of 2.71% from the company's previous close.
A number of other equities research analysts have also commented on the stock. National Bankshares upped their price objective on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the company an "underperform" rating in a research note on Monday, December 9th. Jefferies Financial Group increased their target price on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a "hold" rating in a research note on Monday, December 9th. CIBC increased their target price on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Tuesday, November 26th. Raymond James increased their target price on shares of Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the stock a "market perform" rating in a research note on Monday, December 9th. Finally, BMO Capital Markets increased their target price on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of C$28.11.
Get Our Latest Analysis on LB
Laurentian Bank of Canada Stock Performance
Shares of TSE:LB traded up C$0.05 during trading on Thursday, reaching C$27.26. The stock had a trading volume of 271,879 shares, compared to its average volume of 185,177. The firm's fifty day moving average is C$28.46 and its 200 day moving average is C$27.62. Laurentian Bank of Canada has a 52 week low of C$24.45 and a 52 week high of C$31.74. The stock has a market cap of C$1.20 billion, a price-to-earnings ratio of -217.42, a P/E/G ratio of 0.76 and a beta of 1.25.
About Laurentian Bank of Canada
(
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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.
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