Laurentian Bank of Canada (LB) Receives Average Rating of “Hold” from Brokerages

Shares of Laurentian Bank of Canada (TSE:LB) have earned a consensus recommendation of “Hold” from the ten analysts that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$59.11.

A number of equities research analysts recently commented on the company. TD Securities dropped their price objective on Laurentian Bank of Canada from C$62.00 to C$60.00 and set a “hold” rating for the company in a report on Wednesday, May 31st. Desjardins dropped their price objective on Laurentian Bank of Canada from C$58.00 to C$57.00 and set a “hold” rating for the company in a report on Thursday, June 1st. National Bank Financial reiterated a “sector perform” rating on shares of Laurentian Bank of Canada in a report on Monday, February 20th. Barclays PLC upped their price objective on Laurentian Bank of Canada from C$56.00 to C$59.00 in a report on Wednesday, March 1st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a C$57.00 price objective on shares of Laurentian Bank of Canada in a report on Wednesday, May 31st.

Shares of Laurentian Bank of Canada (TSE:LB) traded up 0.19% on Friday, hitting $52.26. The stock had a trading volume of 19,563 shares. Laurentian Bank of Canada has a 52 week low of $47.67 and a 52 week high of $61.67. The company has a market cap of $1.78 billion and a price-to-earnings ratio of 12.16. The firm has a 50 day moving average price of $53.46 and a 200-day moving average price of $57.19.

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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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