Laurentian Bank of Canada (TSE:LB) Price Target Raised to C$32.00

Laurentian Bank of Canada (TSE:LB) had its price target increased by investment analysts at Scotiabank from C$28.00 to C$32.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 5.02% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the company. BMO Capital Markets cut their price target on Laurentian Bank of Canada from C$31.00 to C$30.00 in a research report on Monday, March 3rd. National Bankshares cut their price target on Laurentian Bank of Canada from C$27.00 to C$25.00 and set an “underperform” rating on the stock in a research report on Thursday, May 22nd. Jefferies Financial Group cut their price target on Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday, April 21st. Raymond James cut their price target on Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday, March 3rd. Finally, CIBC cut their price target on Laurentian Bank of Canada from C$31.00 to C$29.00 in a research report on Thursday, May 22nd. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$29.00.

Laurentian Bank of Canada Stock Performance

LB stock traded up C$0.12 during midday trading on Tuesday, reaching C$30.47. The stock had a trading volume of 25,473 shares, compared to its average volume of 202,291. The firm has a fifty day simple moving average of C$27.20 and a two-hundred day simple moving average of C$27.92. The stock has a market cap of C$1.34 billion, a PE ratio of -243.02, a P/E/G ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a 52-week low of C$24.37 and a 52-week high of C$31.74.

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.