Laurentian Bank of Canada (TSE:LB) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Laurentian Bank of Canada (TSE:LB - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$28.08 and traded as high as C$31.20. Laurentian Bank of Canada shares last traded at C$31.14, with a volume of 141,953 shares.

Analysts Set New Price Targets

LB has been the topic of a number of research reports. Raymond James Financial raised 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 report on Tuesday, June 3rd. National Bankshares boosted 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 report on Tuesday, June 3rd. Jefferies Financial Group cut their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research note on Monday, April 21st. 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 research report on Tuesday, June 3rd. Finally, Veritas upgraded shares of Laurentian Bank of Canada to a "strong sell" rating in a research report on Monday, June 2nd. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, Laurentian Bank of Canada currently has a consensus rating of "Hold" and an average target price of C$29.57.

Laurentian Bank of Canada Trading Up 0.3%

The business's fifty day simple moving average is C$29.03 and its 200-day simple moving average is C$28.10. The firm has a market cap of C$1.36 billion, a P/E ratio of -247.17, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25.

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.