The Laurentian Bank of Canada (LB) PT Lowered to C$57.00

The Laurentian Bank of Canada (LB) PT Lowered to C$57.00

Several other research firms have also recently weighed in on LB. Barclays PLC boosted their price objective on shares of Laurentian Bank of Canada from C$52.00 to C$56.00 in a research report on Monday, February 13th. Scotiabank dropped their price objective on shares of Laurentian Bank of Canada from C$64.00 to C$60.00 and set a “sector perform” rating for the company in a research report on Monday, May 29th. CIBC boosted their price objective on shares of Laurentian Bank of Canada from C$61.00 to C$62.00 in a research report on Tuesday, March 7th. Royal Bank of Canada restated a “sector perform” rating and issued a C$57.00 price objective on shares of Laurentian Bank of Canada in a research report on Wednesday, May 31st. Finally, BMO Capital Markets restated a “market perform” rating and issued a C$56.00 price objective on shares of Laurentian Bank of Canada in a research report on Monday, May 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$59.10.

Laurentian Bank of Canada (TSE:LB) had its price objective reduced by equities researchers at Desjardins from C$58.00 to C$57.00 in a note issued to investors on Thursday. The brokerage presently has a “hold” rating on the stock. Desjardins’ price objective would indicate a potential upside of 8.78% from the company’s current price.

Laurentian Bank of Canada (LB) opened at 52.40 on Thursday. The stock’s 50 day moving average price is $55.06 and its 200 day moving average price is $57.19. Laurentian Bank of Canada has a 12 month low of $47.67 and a 12 month high of $61.67. The firm has a market capitalization of $1.78 billion and a PE ratio of 12.19.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:LB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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