Laurentian Bank of Canada (OTCMKTS:LRCDF) PT Raised to C$48.00 at Scotiabank

Laurentian Bank of Canada (OTCMKTS:LRCDF) had its price objective boosted by research analysts at Scotiabank from C$46.00 to C$48.00 in a research report issued on Wednesday, The Fly reports. The brokerage currently has a “sector perform” rating on the stock.

Several other research analysts have also recently issued reports on the company. Credit Suisse Group upped their price objective on Laurentian Bank of Canada from C$42.00 to C$44.00 and gave the stock an “underperform” rating in a research report on Thursday, September 2nd. CIBC upped their price objective on Laurentian Bank of Canada from C$43.00 to C$45.00 and gave the stock an “underperform” rating in a research report on Thursday, September 2nd. Finally, Royal Bank of Canada upped their price objective on Laurentian Bank of Canada from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Thursday, September 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Laurentian Bank of Canada has an average rating of “Hold” and a consensus price target of $46.40.

OTCMKTS:LRCDF opened at $30.87 on Wednesday. The stock has a 50-day simple moving average of $32.91 and a 200-day simple moving average of $33.99. Laurentian Bank of Canada has a 1 year low of $23.28 and a 1 year high of $37.43.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to individuals, business, and institutional customers in Canada and the United States. It operates through Personal, Business Services, and Institutional segments. The company offers notice, demand, and term deposits; commercial, residential mortgage, and personal loans; equipment and inventory, and real estate financing; and credit life and disability insurance products.

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