CSFB Lowers Laurentian Bank of Canada (TSE:LB) Price Target to C$55.00

Laurentian Bank of Canada (TSE:LB) had its price objective decreased by CSFB from C$57.00 to C$55.00 in a report released on Tuesday, January 9th. CSFB’s price objective points to a potential upside of 3.73% from the stock’s previous close.

LB has been the subject of a number of other research reports. Desjardins decreased their price objective on shares of Laurentian Bank of Canada from C$60.00 to C$59.00 in a research report on Wednesday, December 6th. BMO Capital Markets upgraded shares of Laurentian Bank of Canada from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from C$57.00 to C$62.00 in a research report on Wednesday, December 6th. Scotiabank cut their target price on shares of Laurentian Bank of Canada from C$67.00 to C$64.00 and set a “sector perform” rating for the company in a research note on Wednesday, December 6th. National Bank Financial boosted their target price on shares of Laurentian Bank of Canada from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 6th. Finally, CIBC cut their target price on shares of Laurentian Bank of Canada from C$66.00 to C$60.00 in a research note on Monday, December 11th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of C$59.10.

Laurentian Bank of Canada (LB) opened at C$53.02 on Tuesday. The stock has a market cap of $2,070.00, a price-to-earnings ratio of 9.84 and a beta of 0.48. Laurentian Bank of Canada has a 1 year low of C$51.57 and a 1 year high of C$62.90.

Laurentian Bank of Canada (TSE:LB) last issued its quarterly earnings data on Tuesday, December 5th. The company reported C$1.63 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.54 by C$0.09. Laurentian Bank of Canada had a net margin of 22.10% and a return on equity of 11.90%.

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About Laurentian Bank of Canada

Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.

Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

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