Laurentian Bank of Canada (TSE:LB) Shares Pass Above 200-Day Moving Average - Time to Sell?

Key Points

• Shares crossed above their 200‑day moving average, trading around C$40.17 versus a 200‑day average of C$36.96 and near the 50‑day average of C$40.10.
• Analyst sentiment remains weak—consensus is a Strong Sell (two Hold, three Sell) with a consensus target of C$36.44 despite mixed downgrades/upgrades and target revisions from banks including RBC, CIBC, Desjardins and Raymond James.
• Laurentian Bank has a market cap of C$1.80 billion, reported quarterly EPS of C$0.65, a P/E of 26.78, net margin of 3.72% and ROE of 2.86%, indicating modest profitability amid the stock's recent technical move.

Laurentian Bank of Canada (TSE:LB - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$36.96 and traded as high as C$40.22. Laurentian Bank of Canada shares last traded at C$40.17, with a volume of 141,329 shares.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Canadian Imperial Bank of Commerce cut shares of Laurentian Bank of Canada from a "neutral" rating to a "tender" rating and lifted their price target for the company from C$35.00 to C$40.50 in a research report on Monday, December 8th. Desjardins dropped their price objective on shares of Laurentian Bank of Canada from C$50.00 to C$40.00 and set a "tender" rating for the company in a research report on Monday, February 9th. Raymond James Financial downgraded shares of Laurentian Bank of Canada from a "market perform" rating to an "underperform" rating in a research note on Monday, December 8th. Royal Bank Of Canada upgraded shares of Laurentian Bank of Canada from a "strong sell" rating to a "hold" rating and lifted their target price for the company from C$25.00 to C$40.00 in a report on Monday, December 8th. Finally, BMO Capital Markets upped their price target on shares of Laurentian Bank of Canada from C$31.00 to C$40.50 in a research report on Monday, December 8th. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Strong Sell" and a consensus target price of C$36.44.

Laurentian Bank of Canada Trading Up 0.0%

The stock has a market capitalization of C$1.80 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 0.76 and a beta of 1.35. The firm has a 50-day moving average of C$40.10 and a 200 day moving average of C$36.96.

Laurentian Bank of Canada (TSE:LB - Get Free Report) last issued its quarterly earnings data on Friday, February 27th. The company reported C$0.65 earnings per share (EPS) for the quarter. Laurentian Bank of Canada had a net margin of 3.72% and a return on equity of 2.86%. The company had revenue of C$251.56 million during the quarter. As a group, research analysts forecast that Laurentian Bank of Canada will post 3.8414986 EPS for the current year.

Laurentian Bank of Canada Company Profile

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada - primarily in Québec and Ontario - as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.

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