Laurentian Bank of Canada (LRCDF) Cut to Sell at Canaccord Genuity
Laurentian Bank of Canada (OTCMKTS:LRCDF) was downgraded by Canaccord Genuity to a “sell” rating in a report released on Thursday.
Separately, Barclays reissued a “buy” rating on shares of Laurentian Bank of Canada in a report on Wednesday.
LRCDF opened at $29.94 on Thursday. Laurentian Bank of Canada has a 52 week low of $27.60 and a 52 week high of $44.98.
Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance and leasing solutions.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
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