Laurentian Bank of Canada to Post Q1 2020 Earnings of $1.02 Per Share, National Bank Financial Forecasts (TSE:LB)

Laurentian Bank of Canada (TSE:LB) – Analysts at National Bank Financial cut their Q1 2020 earnings estimates for Laurentian Bank of Canada in a research report issued on Wednesday, December 4th. National Bank Financial analyst G. Dechaine now anticipates that the company will post earnings of $1.02 per share for the quarter, down from their prior estimate of $1.16. National Bank Financial currently has a “Underperform” rating and a $38.00 target price on the stock. National Bank Financial also issued estimates for Laurentian Bank of Canada’s Q2 2020 earnings at $1.00 EPS and FY2021 earnings at $4.54 EPS.

LB has been the subject of a number of other reports. CIBC raised shares of Laurentian Bank of Canada from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from C$43.00 to C$49.00 in a research note on Tuesday, August 13th. Scotiabank reduced their price objective on shares of Laurentian Bank of Canada from C$42.00 to C$41.00 in a research report on Thursday. Barclays reissued an “equal weight” rating and issued a C$46.00 price objective on shares of Laurentian Bank of Canada in a research note on Friday, August 30th. Finally, Canaccord Genuity dropped their target price on Laurentian Bank of Canada from C$36.00 to C$35.00 in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of C$43.22.

Laurentian Bank of Canada stock opened at C$43.68 on Friday. The firm has a 50-day moving average price of C$45.92 and a 200-day moving average price of C$44.91. The firm has a market capitalization of $1.94 billion and a PE ratio of 10.90. Laurentian Bank of Canada has a 12-month low of C$36.21 and a 12-month high of C$46.99.

Laurentian Bank of Canada Company Profile

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 solutions.

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Earnings History and Estimates for Laurentian Bank of Canada (TSE:LB)

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