Laurentian Bank of Canada (OTCMKTS:LRCDF) Stock Price Down 0.8% – Should You Sell?

Laurentian Bank of Canada (OTCMKTS:LRCDF)’s stock price traded down 0.8% during mid-day trading on Tuesday . The company traded as low as $29.3650 and last traded at $29.3650. 1,000 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 2,025 shares. The stock had previously closed at $29.61.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LRCDF shares. Royal Bank Of Canada raised Laurentian Bank of Canada to a “sector perform” rating in a report on Friday, December 5th. Raymond James Financial downgraded shares of Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a report on Friday, December 5th. Scotiabank reiterated a “sector perform” rating on shares of Laurentian Bank of Canada in a report on Wednesday, December 3rd. Finally, BMO Capital Markets restated a “market perform” rating on shares of Laurentian Bank of Canada in a report on Monday, December 8th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Laurentian Bank of Canada presently has a consensus rating of “Reduce”.

Laurentian Bank of Canada Price Performance

The business has a 50 day moving average of $29.16 and a 200 day moving average of $25.53.

About Laurentian Bank of Canada

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.