Laurentian Bank of Canada (OTCMKTS:LRCDF) had its price target decreased by Royal Bank of Canada from C$52.00 to C$49.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage presently has an “outperform” rating on the stock.
Other equities analysts have also recently issued reports about the stock. CIBC upped their price objective on shares of Laurentian Bank of Canada from C$43.00 to C$45.00 and gave the company an “underperform” rating in a research report on Thursday, September 2nd. Scotiabank raised their target price on shares of Laurentian Bank of Canada from C$46.00 to C$48.00 and gave the stock a “sector perform” rating in a report on Wednesday. TD Securities cut their target price on shares of Laurentian Bank of Canada from C$47.00 to C$46.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Credit Suisse Group raised their price target on shares of Laurentian Bank of Canada from C$42.00 to C$44.00 and gave the company an “underperform” rating in a research note on Thursday, September 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.40.
Shares of OTCMKTS LRCDF opened at $30.87 on Wednesday. Laurentian Bank of Canada has a 12-month low of $23.28 and a 12-month high of $37.43. The stock has a fifty day moving average price of $32.91 and a 200 day moving average price of $33.99.
Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to individuals, business, and institutional customers in Canada and the United States. It operates through Personal, Business Services, and Institutional segments. The company offers notice, demand, and term deposits; commercial, residential mortgage, and personal loans; equipment and inventory, and real estate financing; and credit life and disability insurance products.
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