Royal Bank Of Canada reiterated their sector perform rating on shares of Laurentian Bank of Canada (TSE:LB) in a report published on Wednesday, May 31st, StockTargetPrices.com reports. They currently have a C$57.00 price target on the stock.
A number of other brokerages also recently issued reports on LB. BMO Capital Markets reaffirmed a market perform rating and issued a C$56.00 target price on shares of Laurentian Bank of Canada in a research note on Monday, May 29th. TD Securities cut their target price on Laurentian Bank of Canada from C$65.00 to C$61.00 and set a hold rating for the company in a research note on Wednesday, March 1st. Barclays PLC increased their price target on Laurentian Bank of Canada from C$56.00 to C$59.00 in a report on Wednesday, March 1st. National Bank Financial lowered their price target on Laurentian Bank of Canada from C$64.00 to C$61.00 in a report on Wednesday, March 1st. Finally, CIBC increased their price target on Laurentian Bank of Canada from C$59.00 to C$61.00 in a report on Wednesday, February 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of C$59.10.
Shares of Laurentian Bank of Canada (TSE:LB) opened at 52.71 on Wednesday. The company has a market cap of $1.80 billion and a price-to-earnings ratio of 12.27. Laurentian Bank of Canada has a 52-week low of $47.67 and a 52-week high of $61.67. The stock has a 50 day moving average of $53.21 and a 200 day moving average of $57.23.
Laurentian Bank of Canada Company Profile
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.
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