Laurentian Bank of Canada (TSE:LB) Price Target Raised to C$31.00

Key Points

• Jefferies Financial Group has increased its price target for Laurentian Bank of Canada from C$29.00 to C$31.00, suggesting a potential upside of 0.65% from its previous close.
• In total, three analysts rated the stock as a sell while five assigned it a hold rating, showing mixed sentiments among various analysts.
• The stock's current price is C$30.80, with a 52-week range between C$24.37 and C$31.74, indicating its market volatility.

Laurentian Bank of Canada (TSE:LB - Get Free Report) had its price objective hoisted by equities research analysts at Jefferies Financial Group from C$29.00 to C$31.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Jefferies Financial Group's price target indicates a potential upside of 0.58% from the stock's current price.

LB has been the topic of several other research reports. Veritas raised shares of Laurentian Bank of Canada to a "strong sell" rating in a research note on Monday, June 2nd. Scotiabank boosted their price target on shares of Laurentian Bank of Canada from C$28.00 to C$32.00 and gave the stock a "sector perform" rating in a research report on Tuesday, June 3rd. National Bankshares upped their price objective on shares of Laurentian Bank of Canada from C$25.00 to C$28.00 and gave the company an "underperform" rating in a research note on Tuesday, June 3rd. Raymond James Financial increased their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$28.00 and gave the company a "market perform" rating in a report on Tuesday, June 3rd. Finally, Desjardins boosted their target price on Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the stock a "sell" rating in a report on Tuesday, June 3rd. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. Based on data from MarketBeat, Laurentian Bank of Canada currently has an average rating of "Hold" and a consensus target price of C$30.14.

Laurentian Bank of Canada Stock Performance

Shares of LB traded up C$0.02 during trading hours on Wednesday, hitting C$30.82. 92,212 shares of the stock were exchanged, compared to its average volume of 185,833. The stock's 50-day moving average price is C$30.75 and its two-hundred day moving average price is C$28.56. Laurentian Bank of Canada has a 12-month low of C$24.37 and a 12-month high of C$31.74. The company has a market cap of C$1.36 billion, a price-to-earnings ratio of -245.81, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients.