Laurentian Bank of Canada (TSE:LB) Price Target Raised to C$32.00 at Scotiabank

Laurentian Bank of Canada (TSE:LB - Get Free Report) had its price target raised by Scotiabank from C$28.00 to C$32.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Scotiabank's price target indicates a potential upside of 6.60% from the company's previous close.

A number of other brokerages also recently weighed in on LB. National Bankshares dropped their target price on Laurentian Bank of Canada from C$27.00 to C$25.00 and set an "underperform" rating on the stock in a report on Thursday, May 22nd. Jefferies Financial Group dropped their target price on Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, April 21st. CIBC dropped their target price on Laurentian Bank of Canada from C$31.00 to C$29.00 in a report on Thursday, May 22nd. BMO Capital Markets dropped their target price on Laurentian Bank of Canada from C$31.00 to C$30.00 in a report on Monday, March 3rd. Finally, Raymond James dropped their target price on Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, March 3rd. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of C$29.57.

Laurentian Bank of Canada Stock Down 0.4%

Shares of LB traded down C$0.12 during trading hours on Tuesday, reaching C$30.02. The company's stock had a trading volume of 163,543 shares, compared to its average volume of 202,767. The firm has a market cap of C$1.32 billion, a price-to-earnings ratio of -239.43, a P/E/G ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a 1-year low of C$24.37 and a 1-year high of C$31.74. The company has a 50 day moving average of C$27.26 and a two-hundred day moving average of C$27.93.

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.