Laurentian Bank of Canada (LB) Price Target Raised to C$60.00

Laurentian Bank of Canada (TSE:LB) had its price target boosted by equities research analysts at National Bank Financial from C$59.00 to C$60.00 in a research report issued on Wednesday. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 7.14% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Desjardins reduced their price target on shares of Laurentian Bank of Canada from C$60.00 to C$59.00 in a report on Wednesday. Barclays cut 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. CIBC boosted their price objective on shares of Laurentian Bank of Canada from C$61.00 to C$66.00 in a research report on Monday, November 13th. Canaccord Genuity boosted their price objective on shares of Laurentian Bank of Canada from C$63.00 to C$67.00 in a research report on Wednesday, November 1st. Finally, BMO Capital Markets boosted their price objective on shares of Laurentian Bank of Canada from C$56.00 to C$57.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 30th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of C$60.90.

Laurentian Bank of Canada (LB) traded down C$4.80 during trading on Wednesday, hitting C$56.00. 907,479 shares of the stock traded hands, compared to its average volume of 128,039. Laurentian Bank of Canada has a 12 month low of C$51.57 and a 12 month high of C$62.90.

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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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