Laurentian Bank of Canada (TSE:LB) Given a C$40.50 Price Target at Desjardins

Laurentian Bank of Canada (TSE:LB) has been assigned a C$40.50 price target by stock analysts at Desjardins in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “tender” rating on the stock. Desjardins’ target price would indicate a potential upside of 0.60% from the company’s current price.

Laurentian Bank of Canada Stock Performance

Shares of TSE LB traded down C$0.03 during trading hours on Wednesday, reaching C$40.26. 23,869 shares of the stock were exchanged, compared to its average volume of 182,131. The firm has a market capitalization of C$1.80 billion, a price-to-earnings ratio of 129.87, a P/E/G ratio of 0.76 and a beta of 1.20. The stock’s fifty day simple moving average is C$40.31 and its 200 day simple moving average is C$40.22. Laurentian Bank of Canada has a 52 week low of C$29.51 and a 52 week high of C$40.78.

Laurentian Bank of Canada (TSE:LB) last released its quarterly earnings results on Friday, May 29th. The company reported C$0.46 earnings per share (EPS) for the quarter. The business had revenue of C$236.16 million during the quarter. Laurentian Bank of Canada had a return on equity of 1.01% and a net margin of 1.36%. Research 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.