Laurentian Bank of Canada (LB) Price Target Cut to C$55.00

Laurentian Bank of Canada (TSE:LB) had its target price cut by research analysts at Royal Bank Of Canada from C$60.00 to C$55.00 in a research report issued on Wednesday. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target points to a potential downside of 2.72% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. National Bank Financial upped their price objective on shares of Laurentian Bank of Canada from C$58.00 to C$59.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 30th. BMO Capital Markets upped their price objective on shares of Laurentian Bank of Canada from C$56.00 to C$57.00 and gave the company a “market perform” rating in a research note on Wednesday, August 30th. CIBC upped their price objective on shares of Laurentian Bank of Canada from C$61.00 to C$66.00 in a research note on Monday, November 13th. Canaccord Genuity increased their price target on shares of Laurentian Bank of Canada from C$63.00 to C$67.00 in a research report on Wednesday, November 1st. Finally, Barclays dropped their price target on shares of Laurentian Bank of Canada from C$58.00 to C$57.00 in a research report on Friday, August 11th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Laurentian Bank of Canada currently has an average rating of “Hold” and an average target price of C$60.90.

Shares of Laurentian Bank of Canada (LB) opened at C$56.54 on Wednesday. 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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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)

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