Laurentian Bank of Canada (TSE:LB - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$28.16 and traded as high as C$31.44. Laurentian Bank of Canada shares last traded at C$31.34, with a volume of 121,440 shares trading hands.
Analyst Ratings Changes
Several research firms have weighed in on LB. Jefferies Financial Group cut their target price on Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, April 21st. Desjardins raised their target price on Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a "sell" rating in a report on Tuesday, June 3rd. Raymond James Financial raised their target price 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. Veritas upgraded Laurentian Bank of Canada to a "strong sell" rating in a research note on Monday, June 2nd. Finally, CIBC lifted their price objective on Laurentian Bank of Canada from C$28.00 to C$33.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of C$29.57.
Read Our Latest Analysis on LB
Laurentian Bank of Canada Stock Performance
The stock's 50-day moving average is C$29.44 and its 200 day moving average is C$28.18. The firm has a market cap of C$1.37 billion, a P/E ratio of -247.57, a PEG ratio of 0.76 and a beta of 1.25.
Laurentian Bank of Canada Company Profile
(
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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