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.

Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

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