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.
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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