Laurentian Bank of Canada (TSE:LB) Receives Average Recommendation of “Strong Sell” from Analysts

Laurentian Bank of Canada (TSE:LB) has been assigned an average rating of “Strong Sell” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$35.19.

Several equities analysts have issued reports on LB shares. Royal Bank Of Canada raised Laurentian Bank of Canada from a “strong sell” rating to a “hold” rating and boosted their price target for the company from C$25.00 to C$40.00 in a research note on Monday, December 8th. Scotiabank set a C$33.00 target price on shares of Laurentian Bank of Canada and gave the company a “sector perform” rating in a research report on Tuesday, November 25th. BMO Capital Markets increased their target price on shares of Laurentian Bank of Canada from C$31.00 to C$40.50 in a research note on Monday, December 8th. CIBC downgraded shares of Laurentian Bank of Canada from a “neutral” rating to a “tender” rating and lifted their price target for the company from C$35.00 to C$40.50 in a research note on Monday, December 8th. Finally, Raymond James Financial lowered shares of Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a report on Monday, December 8th.

Laurentian Bank of Canada Trading Down 0.9%

Shares of Laurentian Bank of Canada stock opened at C$39.93 on Thursday. The business has a 50-day moving average price of C$36.60 and a two-hundred day moving average price of C$33.34. Laurentian Bank of Canada has a 1-year low of C$24.37 and a 1-year high of C$40.42. The company has a market cap of C$1.78 billion, a P/E ratio of 14.06, a PEG ratio of 0.76 and a beta of 1.57.

Laurentian Bank of Canada (TSE:LB) last announced its quarterly earnings data on Friday, December 5th. The company reported C$0.73 earnings per share (EPS) for the quarter. Laurentian Bank of Canada had a negative return on equity of 0.20% and a negative net margin of 0.30%.The company had revenue of C$244.71 million for the quarter. Equities research analysts forecast that Laurentian Bank of Canada will post 3.8414986 EPS for the current fiscal year.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients. The business services segment provides financial services, commercial banking, real estate financing, and equipment and inventory financing to business clients.