Laurentian Bank of Canada (LB) PT Lowered to C$55.00 at Barclays
Laurentian Bank of Canada (TSE:LB) had its price target reduced by analysts at Barclays from C$57.00 to C$55.00 in a report issued on Thursday. Barclays’ target price suggests a potential upside of 11.58% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. National Bank Financial restated a “sector perform market weight” rating on shares of Laurentian Bank of Canada in a report on Tuesday, January 16th. Scotiabank lowered their target price on shares of Laurentian Bank of Canada from C$64.00 to C$59.00 and set a “sector perform” rating for the company in a report on Wednesday, January 17th. Royal Bank of Canada lowered their target price on shares of Laurentian Bank of Canada from C$60.00 to C$55.00 and set a “sector perform” rating for the company in a report on Wednesday, December 6th. CIBC lowered their target price on shares of Laurentian Bank of Canada from C$60.00 to C$55.00 in a report on Thursday. Finally, TD Securities lowered their target price on shares of Laurentian Bank of Canada from C$64.00 to C$58.00 and set a “buy” rating for the company in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$56.40.
Shares of Laurentian Bank of Canada (TSE:LB) opened at C$49.29 on Thursday. The stock has a market cap of $2,050.00, a PE ratio of 8.98 and a beta of 0.45. Laurentian Bank of Canada has a twelve month low of C$48.55 and a twelve month high of C$62.90.
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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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