Laurentian Bank of Canada’s (LB) “Sector Perform” Rating Reaffirmed at Royal Bank Of Canada

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.

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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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