Shares of Laurentian Bank of Canada (TSE:LB - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$28.25 and traded as high as C$30.95. Laurentian Bank of Canada shares last traded at C$30.81, with a volume of 255,217 shares trading hands.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. CIBC upped their target price on Laurentian Bank of Canada from C$28.00 to C$33.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd. Scotiabank increased their price objective 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 research note on Tuesday, June 3rd. Jefferies Financial Group decreased their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, April 21st. Desjardins upped their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the stock a "sell" rating in a research report on Tuesday, June 3rd. Finally, 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. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of C$29.57.
Read Our Latest Analysis on LB
Laurentian Bank of Canada Trading Down 1.3%
The firm has a market cap of C$1.36 billion, a price-to-earnings ratio of -246.21, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The company's 50-day moving average is C$29.89 and its 200-day moving average is C$28.26.
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.
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