Laurentian Bank of Canada (LB) Stock Forecast & Price Target

C$28.43 +0.04 (+0.14%)

(As of 11/20/2024 ET)

Laurentian Bank of Canada - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce

Based on 11 Analyst Ratings

Sell
3

Hold
8

Buy
0

Based on 11 Wall Street analysts who have issued ratings for Laurentian Bank of Canada in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 11 analysts, 3 have given a sell rating, and 8 have given a hold rating for LB.

Consensus Price Target

C$26.55
-6.60% Downside

According to the 11 analysts' twelve-month price targets for Laurentian Bank of Canada, the average price target is C$26.55. The highest price target for LB is C$28.09, while the lowest price target for LB is C$25.00. The average price target represents a forecasted downside of -6.60% from the current price of C$28.43.

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LB Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	2 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	11 Hold rating(s)	7 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	C$26.55	C$27.01	C$28.24	C$33.83
Forecasted Upside	-6.60% Downside	-0.45% Downside	3.97% Upside	30.83% Upside
Consensus Rating	Reduce	Reduce	Reduce	Reduce

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LB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

LB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Laurentian Bank of Canada Stock vs. The Competition

Type	Laurentian Bank of Canada	Financial Services Companies
Consensus Rating Score	1.73	2.64
Consensus Rating	Reduce	Moderate Buy
News Sentiment Rating	Neutral News See Recent LB News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/18/2024	BMO Capital Markets 4 of 5 stars		Boost Target		C$27.00 ➝ C$28.00	-1.75%
9/4/2024	Raymond James 4 of 5 stars		Boost Target		C$26.00 ➝ C$27.00	+2.39%
8/21/2024	Cibc World Mkts 0 of 5 stars	P. Holden Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
8/20/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	C$30.00 ➝ C$28.00	+6.67%
8/6/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Young Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sell	C$25.00 ➝ C$26.00	+3.63%
6/6/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	C$28.00 ➝ C$26.00	+3.09%
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6/3/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underperform	C$27.00 ➝ C$26.00	+3.17%
6/3/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underperform	C$26.00 ➝ C$25.00	-0.79%
3/1/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$28.00 ➝ C$26.00	-3.63%
12/20/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	C$28.00 ➝ C$26.00	-2.91%
12/8/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	C$30.00 ➝ C$26.00	+1.56%
11/23/2023	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform	C$33.00 ➝ C$28.09	+8.37%
10/16/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Dechaine Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Sector Perform Market Weight ➝ Underperform Market Weight
9/15/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$42.00 ➝ C$32.00	+2.33%
9/1/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	C$41.00 ➝ C$39.00	+6.76%
7/12/2023	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy
12/12/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell	C$33.00 ➝ C$34.00	+1.52%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:14 AM ET.

LB Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Laurentian Bank of Canada is C$26.55, with a high forecast of C$28.09 and a low forecast of C$25.00.
: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Laurentian Bank of Canada in the last year. There are currently 3 sell ratings and 8 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" LB shares.
: According to analysts, Laurentian Bank of Canada's stock has a predicted downside of -6.60% based on their 12-month stock forecasts.
: Laurentian Bank of Canada has been rated by research analysts at BMO Capital Markets, and Raymond James in the past 90 days.
: Analysts like Laurentian Bank of Canada less than other "financial services" companies. The consensus rating for Laurentian Bank of Canada is Reduce while the average consensus rating for "financial services" companies is Moderate Buy. Learn more on how LB compares to other companies.

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This page (TSE:LB) was last updated on 11/21/2024 by MarketBeat.com Staff

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Laurentian Bank of Canada (LB) Stock Forecast & Price Target