Barclays PLC Cuts Laurentian Bank of Canada (TSE:LB) Price Target to C$57.00

Laurentian Bank of Canada (TSE:LB) had its price target lowered by stock analysts at Barclays PLC from C$58.00 to C$57.00 in a research note issued to investors on Friday. Barclays PLC’s price target would indicate a potential upside of 4.05% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Scotiabank decreased their target price on Laurentian Bank of Canada from C$64.00 to C$60.00 and set a “sector perform” rating for the company in a research note on Monday, May 29th. Desjardins decreased their target price on Laurentian Bank of Canada from C$58.00 to C$57.00 and set a “hold” rating for the company in a research note on Friday, May 26th. Royal Bank Of Canada restated a “sector perform” rating and set a C$57.00 target price on shares of Laurentian Bank of Canada in a research note on Wednesday, May 31st. BMO Capital Markets restated a “market perform” rating and set a C$56.00 target price on shares of Laurentian Bank of Canada in a research note on Monday, May 29th. Finally, TD Securities decreased their target price on Laurentian Bank of Canada from C$62.00 to C$60.00 and set a “hold” rating for the company in a research note on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of C$58.90.

Shares of Laurentian Bank of Canada (TSE LB) traded down 2.30% during trading on Friday, hitting $53.52. 161,633 shares of the company traded hands. Laurentian Bank of Canada has a 52-week low of $47.75 and a 52-week high of $61.67. The company has a 50-day moving average of $54.55 and a 200-day moving average of $56.39. The stock has a market capitalization of $1.82 billion and a PE ratio of 12.46.

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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.

Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

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