Laurentian Bank of Canada (LB) Given New C$59.00 Price Target at National Bank Financial

Laurentian Bank of Canada (TSE:LB) had its price target raised by National Bank Financial from C$58.00 to C$59.00 in a report published on Wednesday, August 30th. National Bank Financial currently has a sector perform rating on the stock.

A number of other brokerages also recently commented on LB. Scotiabank lowered their price objective on shares of Laurentian Bank of Canada from C$64.00 to C$60.00 and set a sector perform rating on the stock in a research report on Monday, May 29th. Barclays PLC lowered their price objective on shares of Laurentian Bank of Canada from C$58.00 to C$57.00 in a research report on Friday, August 11th. Canaccord Genuity boosted their price objective on shares of Laurentian Bank of Canada from C$61.00 to C$63.00 and gave the company a buy rating in a research report on Wednesday, August 30th. Desjardins lowered their price objective on shares of Laurentian Bank of Canada from C$58.00 to C$57.00 and set a hold rating on the stock in a research report on Friday, May 26th. Finally, BMO Capital Markets reaffirmed a market perform rating and set a C$56.00 price objective on shares of Laurentian Bank of Canada in a research report on Monday, May 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of C$58.90.

Shares of Laurentian Bank of Canada (LB) traded up 0.21% during trading on Wednesday, hitting $56.96. 455,019 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $54.82 and its 200 day moving average is $55.51. Laurentian Bank of Canada has a 1-year low of $48.17 and a 1-year high of $61.67. The firm has a market capitalization of $1.95 billion and a PE ratio of 12.75.

WARNING: “Laurentian Bank of Canada (LB) Given New C$59.00 Price Target at National Bank Financial” was reported by BBNS and is the sole property of of BBNS. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://baseballnewssource.com/markets/national-bank-financial-increases-laurentian-bank-of-canada-lb-price-target-to-c59-00/1566391.html.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Monday, October 2nd will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Friday, September 29th.

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.

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

Receive News & Ratings for Laurentian Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laurentian Bank of Canada and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.