Laurentian Bank of Canada (TSE:LB) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, February 28th. Analysts expect Laurentian Bank of Canada to post earnings of C$1.52 per share for the quarter.
Laurentian Bank of Canada (TSE:LB) last announced its earnings results on Tuesday, December 5th. The company reported C$1.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.54 by C$0.09. The company had revenue of C$267.97 million during the quarter, compared to the consensus estimate of C$257.83 million. Laurentian Bank of Canada had a net margin of 21.88% and a return on equity of 11.79%.
Shares of Laurentian Bank of Canada (LB) traded down C$0.98 on Tuesday, reaching C$52.50. 215,716 shares of the company’s stock traded hands, compared to its average volume of 291,367. The firm has a market capitalization of $2,190.00, a P/E ratio of 9.74 and a beta of 0.42. Laurentian Bank of Canada has a 52 week low of C$51.26 and a 52 week high of C$62.90.
Several equities research analysts have weighed in on the stock. Canaccord Genuity raised their target price on shares of Laurentian Bank of Canada from C$63.00 to C$67.00 in a research note on Wednesday, November 1st. CIBC raised their target price on shares of Laurentian Bank of Canada from C$61.00 to C$66.00 in a research note on Monday, November 13th. CSFB decreased their price target on shares of Laurentian Bank of Canada from C$57.00 to C$55.00 in a report on Tuesday, January 9th. Barclays raised shares of Laurentian Bank of Canada from an “equal weight” rating to an “outperform” rating in a report on Tuesday, December 19th. Finally, Scotiabank decreased their price target on shares of Laurentian Bank of Canada from C$67.00 to C$64.00 and set a “sector perform” rating for the company in a report on Wednesday, December 6th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Laurentian Bank of Canada currently has a consensus rating of “Hold” and a consensus price target of C$58.90.
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About Laurentian Bank of Canada
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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