Laurentian Bank of Canada (LB) Price Target Raised to C$66.00 at CIBC
Laurentian Bank of Canada (TSE:LB) had its price objective raised by investment analysts at CIBC from C$61.00 to C$66.00 in a research note issued to investors on Monday. CIBC’s price target indicates a potential upside of 13.60% from the company’s current price.
A number of other equities research analysts also recently commented on LB. Scotiabank restated a “sector perform” rating and issued a C$60.00 target price on shares of Laurentian Bank of Canada in a research report on Monday, August 21st. Canaccord Genuity boosted their price objective on Laurentian Bank of Canada from C$63.00 to C$67.00 in a report on Wednesday, November 1st. Barclays PLC cut their price objective on Laurentian Bank of Canada from C$58.00 to C$57.00 in a report on Friday, August 11th. BMO Capital Markets boosted their price objective on Laurentian Bank of Canada from C$56.00 to C$57.00 and gave the company a “market perform” rating in a report on Wednesday, August 30th. Finally, National Bank Financial boosted their price objective on Laurentian Bank of Canada from C$58.00 to C$59.00 and gave the company a “sector perform” rating in a report on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of C$59.70.
Laurentian Bank of Canada (LB) traded down C$0.64 during trading hours on Monday, reaching C$58.10. The company’s stock had a trading volume of 88,500 shares, compared to its average volume of 127,257. Laurentian Bank of Canada has a 12 month low of C$50.33 and a 12 month high of C$61.67.
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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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