Desjardins Issues Positive Forecast for Laurentian Bank of Canada (TSE:LB) Stock Price

Key Points

• Desjardins has raised the price target for Laurentian Bank of Canada from C$29.00 to C$30.00, indicating a potential downside risk of 2.60% compared to the stock's prior close.
• Scotiabank and CIBC have also increased their target prices for the bank, with CIBC setting a target of C$33.00, while the consensus rating on the stock is currently a "Hold."
• The stock is currently trading at C$30.80, down 0.3% during the day, with a market capitalization of C$1.36 billion and 12-month trading range between C$24.37 and C$31.74.

Laurentian Bank of Canada (TSE:LB - Free Report) had its target price hoisted by Desjardins from C$29.00 to C$30.00 in a research report report published on Wednesday,BayStreet.CA reports. Desjardins currently has a sell rating on the stock. Desjardins also issued estimates for Laurentian Bank of Canada's FY2026 earnings at $3.30 EPS.

Other equities analysts have also issued research reports about the company. Scotiabank increased their target price on Laurentian Bank of Canada from C$28.00 to C$32.00 and gave the stock a "sector perform" rating in a research note on Tuesday, June 3rd. National Bankshares boosted their price target on shares of Laurentian Bank of Canada from C$25.00 to C$28.00 and gave the stock an "underperform" rating in a research note on Tuesday, June 3rd. Raymond James Financial raised 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 research note on Tuesday, June 3rd. CIBC lifted their price objective on shares of Laurentian Bank of Canada from C$28.00 to C$33.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. Finally, Veritas raised shares of Laurentian Bank of Canada to a "strong sell" rating in a research note on Monday, June 2nd. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat, Laurentian Bank of Canada currently has a consensus rating of "Hold" and a consensus price target of C$30.14.

Laurentian Bank of Canada Stock Up 0.1%

TSE:LB traded up C$0.02 during trading hours on Wednesday, reaching C$30.82. 92,212 shares of the stock were exchanged, compared to its average volume of 185,833. Laurentian Bank of Canada has a twelve month low of C$24.37 and a twelve month high of C$31.74. The business has a 50-day moving average of C$30.75 and a two-hundred day moving average of C$28.56. The company has a market capitalization of C$1.36 billion, a price-to-earnings ratio of -245.81, a PEG 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.