Laurentian Bank of Canada (TSE:LB) Given Consensus Recommendation of "Reduce" by Analysts

Shares of Laurentian Bank of Canada (TSE:LB - Get Free Report) have been assigned an average recommendation of "Reduce" from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$29.57.

Several equities research analysts have weighed in on LB shares. National Bankshares increased their price objective on Laurentian Bank of Canada from C$25.00 to C$28.00 and gave the stock an "underperform" rating in a report on Tuesday, June 3rd. Scotiabank increased their price objective on Laurentian Bank of Canada from C$28.00 to C$32.00 and gave the stock a "sector perform" rating in a report on Tuesday, June 3rd. Desjardins increased their price objective 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. Raymond James Financial increased their price objective on Laurentian Bank of Canada from C$27.00 to C$28.00 and gave the stock a "market perform" rating in a report on Tuesday, June 3rd. Finally, Jefferies Financial Group lowered their target price on Laurentian Bank of Canada from C$29.00 to C$27.00 in a research note on Monday, April 21st.

Laurentian Bank of Canada Trading Up 0.9%

TSE LB opened at C$31.34 on Thursday. Laurentian Bank of Canada has a 1-year low of C$24.37 and a 1-year high of C$31.74. The stock has a 50-day moving average of C$29.35 and a 200-day moving average of C$28.16. The firm has a market cap of C$1.38 billion, a PE ratio of -249.96, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25.

About Laurentian Bank of Canada

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.

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