Laurentian Bank of Canada (OTCMKTS:LRCDF) Given Average Recommendation of “Reduce” by Analysts

Laurentian Bank of Canada (OTCMKTS:LRCDF) has been given an average rating of “Reduce” by the six brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company.

Several brokerages recently issued reports on LRCDF. Royal Bank Of Canada upgraded Laurentian Bank of Canada to a “sector perform” rating in a report on Friday, December 5th. BMO Capital Markets reiterated a “market perform” rating on shares of Laurentian Bank of Canada in a report on Monday, December 8th. Raymond James Financial downgraded Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a report on Friday, December 5th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Laurentian Bank of Canada in a research report on Wednesday, December 3rd.

Laurentian Bank of Canada Price Performance

OTCMKTS LRCDF opened at $29.01 on Tuesday. The company has a 50 day simple moving average of $26.36 and a 200-day simple moving average of $24.11. Laurentian Bank of Canada has a 52-week low of $18.00 and a 52-week high of $29.41.

Laurentian Bank of Canada Company Profile

The Laurentian Bank of Canada (OTCMKTS:LRCDF) is headquartered in Quebec City and is one of Canada’s Schedule I banks. Established in 1846, the institution has grown from a regional savings bank into a diversified financial services provider. While its core footprint remains in Quebec, the bank also serves customers in other Canadian provinces through a network of branches, digital channels and broker partnerships.

Laurentian Bank’s personal banking division offers chequing and savings accounts, mortgages, lines of credit, credit cards and payment solutions.