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.
Analyst Ratings Changes
LB has been the subject of several recent research reports. 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 stock a "market perform" rating in a research report on Tuesday, June 3rd. CIBC raised 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 research report on Tuesday, June 3rd. Veritas raised shares of Laurentian Bank of Canada to a "strong sell" rating in a report on Monday, June 2nd. Scotiabank lifted their price target on shares of 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, Desjardins lifted their target price 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. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of C$29.57.
Read Our Latest Stock Analysis on Laurentian Bank of Canada
Laurentian Bank of Canada Trading Up 0.2%
The stock has a market capitalization of C$1.36 billion, a price-to-earnings ratio of -245.73, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The business has a 50 day simple moving average of C$29.81 and a 200-day simple moving average of C$28.25.
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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