Laurentian Bank of Canada (TSE:LB) Given Consensus Rating of "Reduce" by Brokerages

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 been given a consensus rating of "Reduce" by the eight research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$29.57.

Several brokerages have issued reports on LB. National Bankshares raised their price objective 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 report on Tuesday, June 3rd. Desjardins boosted their price target 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. CIBC boosted their price target on Laurentian Bank of Canada from C$28.00 to C$33.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Jefferies Financial Group reduced their price target on Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, April 21st. Finally, Veritas upgraded Laurentian Bank of Canada to a "strong sell" rating in a report on Monday, June 2nd.

Laurentian Bank of Canada Stock Down 0.4%

Shares of LB traded down C$0.12 on Monday, hitting C$30.58. The company's stock had a trading volume of 34,117 shares, compared to its average volume of 188,555. The firm's fifty day moving average price is C$30.64 and its 200-day moving average price is C$28.45. Laurentian Bank of Canada has a fifty-two week low of C$24.37 and a fifty-two week high of C$31.74. The firm has a market capitalization of C$1.35 billion, a price-to-earnings ratio of -243.90, a P/E/G 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.