Analysts Set Laurentian Bank of Canada (LB) PT at $59.11
Shares of Laurentian Bank of Canada (TSE:LB) have received a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$59.11.
A number of analysts have recently commented on LB shares. Barclays PLC boosted their target price on shares of Laurentian Bank of Canada from C$56.00 to C$59.00 in a report on Wednesday, March 1st. National Bank Financial dropped their target price on shares of Laurentian Bank of Canada from C$64.00 to C$61.00 in a report on Wednesday, March 1st. CIBC boosted their target price on shares of Laurentian Bank of Canada from C$61.00 to C$62.00 in a report on Tuesday, March 7th. Desjardins dropped their target price on shares of Laurentian Bank of Canada from C$58.00 to C$57.00 and set a “hold” rating on the stock in a report on Friday, May 26th. Finally, TD Securities dropped their target price on shares of Laurentian Bank of Canada from C$62.00 to C$60.00 and set a “hold” rating on the stock in a report on Wednesday, May 31st.
Shares of Laurentian Bank of Canada (TSE LB) traded up 0.45% on Friday, reaching $53.27. 157,840 shares of the company traded hands. The stock’s 50 day moving average price is $53.37 and its 200-day moving average price is $57.19. Laurentian Bank of Canada has a one year low of $47.67 and a one year high of $61.67. The stock has a market capitalization of $1.81 billion and a P/E ratio of 12.40.
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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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