Laurentian Bank of Canada (TSE:LB) Stock Price Expected to Rise, Desjardins Analyst Says

Laurentian Bank of Canada (TSE:LB - Get Free Report) had its price target hoisted by research analysts at Desjardins from C$27.00 to C$29.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a "sell" rating on the stock. Desjardins' price objective would suggest a potential downside of 3.40% from the company's current price.

A number of other analysts have also recently commented on the stock. Jefferies Financial Group cut their target price on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research note on Monday, April 21st. National Bankshares upped their price objective on shares of Laurentian Bank of Canada from C$25.00 to C$28.00 and gave the company an "underperform" rating in a research note on Tuesday. CIBC upped 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 note on Tuesday. Scotiabank upped their price objective 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 note on Tuesday. Finally, BMO Capital Markets dropped their price objective on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a research note on Monday, March 3rd. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of C$29.57.

Laurentian Bank of Canada Trading Down 0.4%

Shares of TSE:LB traded down C$0.12 on Tuesday, hitting C$30.02. 163,543 shares of the company were exchanged, compared to its average volume of 202,767. Laurentian Bank of Canada has a 1-year low of C$24.37 and a 1-year high of C$31.74. The stock's 50 day moving average price is C$27.26 and its 200 day moving average price is C$27.93. The firm has a market capitalization of C$1.32 billion, a P/E ratio of -239.43, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada Company Profile

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.