National Bankshares Lowers Laurentian Bank of Canada (TSE:LB) Price Target to C$27.00

Key Points

• National Bankshares has lowered its price target for Laurentian Bank of Canada from C$28.00 to C$27.00, suggesting a potential downside of 12.11% based on its previous close.
• The stock has attracted mixed ratings, with three analysts issuing a "sell" rating and an average price target of C$30.14, indicating that most analysts maintain a "hold" view on the stock.
• As of Friday, Laurentian Bank of Canada shares were trading 1.1% lower, and have shown a 52-week range from a low of C$24.37 to a high of C$31.74.

Laurentian Bank of Canada (TSE:LB - Free Report) had its price target decreased by National Bankshares from C$28.00 to C$27.00 in a report issued on Friday,BayStreet.CA reports. National Bankshares currently has an underperform rating on the stock.

Other analysts have also recently issued reports about the stock. Scotiabank lifted 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, June 3rd. CIBC lifted 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, June 3rd. Desjardins lifted their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the company a "sell" rating in a research note on Wednesday, August 13th. Raymond James Financial lifted their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$28.00 and gave the company a "market perform" rating in a research note on Tuesday, June 3rd. Finally, Veritas upgraded shares of Laurentian Bank of Canada to a "strong sell" rating in a research note on Monday, June 2nd. Five analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of C$30.43.

Laurentian Bank of Canada Trading Down 0.6%

TSE LB traded down C$0.20 on Friday, hitting C$30.67. 75,029 shares of the company's stock traded hands, compared to its average volume of 184,153. Laurentian Bank of Canada has a 1-year low of C$24.37 and a 1-year high of C$31.74. The firm's 50-day moving average price is C$30.79 and its two-hundred day moving average price is C$28.59. The firm has a market capitalization of C$1.35 billion, a PE ratio of -244.62, a P/E/G 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.