Laurentian Bank of Canada (OTCMKTS:LRCDF) Given Average Rating of “Reduce” by Brokerages

Shares of Laurentian Bank of Canada (OTCMKTS:LRCDF) have received an average rating of “Reduce” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

A number of equities research analysts recently weighed in on LRCDF shares. Raymond James Financial lowered shares of Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a report on Friday. Royal Bank Of Canada upgraded Laurentian Bank of Canada to a “sector perform” rating in a research note on Friday. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Laurentian Bank of Canada in a research report on Wednesday.

Laurentian Bank of Canada Stock Down 0.1%

Shares of LRCDF traded down $0.02 during mid-day trading on Friday, reaching $28.59. The company had a trading volume of 400 shares, compared to its average volume of 7,062. Laurentian Bank of Canada has a fifty-two week low of $18.00 and a fifty-two week high of $28.67. The firm has a fifty day simple moving average of $23.84 and a 200-day simple moving average of $22.96.

About Laurentian Bank of Canada

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.