Laurentian Bank of Canada (OTCMKTS:LRCDF) Receives Consensus Recommendation of “Reduce” from Brokerages

Laurentian Bank of Canada (OTCMKTS:LRCDF) has been given a consensus recommendation of “Reduce” by the six brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company.

A number of analysts have recently weighed in on LRCDF shares. BMO Capital Markets reissued a “market perform” rating on shares of Laurentian Bank of Canada in a research report on Monday, December 8th. Raymond James Financial lowered Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a research report on Friday, December 5th. Scotiabank restated a “sector perform” rating on shares of Laurentian Bank of Canada in a research report on Wednesday, December 3rd. Finally, Royal Bank Of Canada upgraded Laurentian Bank of Canada to a “sector perform” rating in a research report on Friday, December 5th.

Laurentian Bank of Canada Price Performance

OTCMKTS:LRCDF opened at $29.37 on Wednesday. Laurentian Bank of Canada has a 1-year low of $18.00 and a 1-year high of $29.61. The firm has a 50-day moving average of $29.16 and a two-hundred day moving average of $25.53.

About Laurentian Bank of Canada

The Laurentian Bank of Canada (OTCMKTS:LRCDF) is headquartered in Quebec City and is one of Canada’s Schedule I banks. Established in 1846, the institution has grown from a regional savings bank into a diversified financial services provider. While its core footprint remains in Quebec, the bank also serves customers in other Canadian provinces through a network of branches, digital channels and broker partnerships.

Laurentian Bank’s personal banking division offers chequing and savings accounts, mortgages, lines of credit, credit cards and payment solutions.