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

Key Points

• Laurentian Bank of Canada has received an average recommendation of "Reduce" from eight research firms, with three analysts recommending a sell and five a hold.
• The average one-year price target set by brokers for Laurentian Bank is C$29.57, reflecting varying price targets from different analysts.
• The company's stock opened at C$30.51, with a market cap of C$1.34 billion and a one-year low of C$24.37.

Shares of Laurentian Bank of Canada (TSE:LB - Get Free Report) have received an average rating of "Reduce" from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$29.57.

Several research firms have weighed in on LB. Veritas raised Laurentian Bank of Canada to a "strong sell" rating in a report on Monday, June 2nd. Jefferies Financial Group lowered their target price on Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, April 21st. National Bankshares upped their target price on Laurentian Bank of Canada from C$25.00 to C$28.00 and gave the company an "underperform" rating in a report on Tuesday, June 3rd. Scotiabank upped their price objective on Laurentian Bank of Canada from C$28.00 to C$32.00 and gave the company a "sector perform" rating in a research report on Tuesday, June 3rd. Finally, Raymond James Financial upped their price objective on Laurentian Bank of Canada from C$27.00 to C$28.00 and gave the company a "market perform" rating in a research report on Tuesday, June 3rd.

Laurentian Bank of Canada Price Performance

Laurentian Bank of Canada stock traded up C$0.02 during trading hours on Monday, hitting C$30.53. The stock had a trading volume of 100,859 shares, compared to its average volume of 189,671. The stock has a market capitalization of C$1.34 billion, a price-to-earnings ratio of -243.50, a PEG 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 stock's fifty day moving average is C$30.56 and its two-hundred day moving average is C$28.42.

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.