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.
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