Laurentian Bank of Canada (TSE:LB - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as C$31.42 and last traded at C$31.38, with a volume of 69641 shares. The stock had previously closed at C$31.05.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on LB shares. Scotiabank lifted their price target on shares of 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. Jefferies Financial Group lowered their price target on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, April 21st. CIBC lifted their price target on shares of 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. Desjardins lifted their price target on shares of 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. Finally, Raymond James Financial boosted their target price 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 report on Tuesday, June 3rd. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of C$29.57.
Get Our Latest Research Report on Laurentian Bank of Canada
Laurentian Bank of Canada Price Performance
The stock has a market capitalization of C$1.37 billion, a price-to-earnings ratio of -248.05, a PEG ratio of 0.76 and a beta of 1.25. The business's 50-day simple moving average is C$29.44 and its two-hundred day simple moving average is C$28.18.
About Laurentian Bank of Canada
(
Get Free Report)
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.
Featured Articles
Before you consider Laurentian Bank of Canada, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Laurentian Bank of Canada wasn't on the list.
While Laurentian Bank of Canada currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
