Analysts Set Laurentian Bank of Canada (TSE:LB) Target Price at C$36.44

Laurentian Bank of Canada (TSE:LB) has earned an average recommendation of “Strong Sell” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$36.44.

LB has been the topic of a number of research reports. Royal Bank Of Canada upgraded shares of Laurentian Bank of Canada from a “strong sell” rating to a “hold” rating and boosted their target price for the company from C$25.00 to C$40.00 in a report on Monday, December 8th. Scotiabank set a C$33.00 price objective on shares of Laurentian Bank of Canada and gave the stock a “sector perform” rating in a research note on Tuesday, November 25th. Canadian Imperial Bank of Commerce downgraded shares of Laurentian Bank of Canada from a “neutral” rating to a “tender” rating and raised their target price for the company from C$35.00 to C$40.50 in a research note on Monday, December 8th. BMO Capital Markets boosted their price target on Laurentian Bank of Canada from C$31.00 to C$40.50 in a research report on Monday, December 8th. Finally, Desjardins cut their price target on Laurentian Bank of Canada from C$50.00 to C$40.00 and set a “tender” rating on the stock in a research note on Monday, February 9th.

Laurentian Bank of Canada Trading Down 0.1%

Shares of Laurentian Bank of Canada stock opened at C$40.09 on Friday. The company’s fifty day simple moving average is C$40.05 and its two-hundred day simple moving average is C$35.65. The company has a market cap of C$1.79 billion, a P/E ratio of 14.12, a PEG ratio of 0.76 and a beta of 1.49. Laurentian Bank of Canada has a 12-month low of C$24.37 and a 12-month high of C$40.42.

Laurentian Bank of Canada (TSE:LB) last posted its quarterly earnings data on Friday, December 5th. The company reported C$0.73 earnings per share for the quarter. The business had revenue of C$244.71 million for the quarter. Laurentian Bank of Canada had a negative return on equity of 0.20% and a negative net margin of 0.30%. Analysts predict that Laurentian Bank of Canada will post 3.8414986 EPS for the current fiscal year.

About Laurentian Bank of Canada

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada – primarily in Québec and Ontario – as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.