Laurentian Bank of Canada (TSE:LB) Given New C$28.00 Price Target at Raymond James

Laurentian Bank of Canada (TSE:LB - Get Free Report) had its price objective upped by stock analysts at Raymond James from C$27.00 to C$28.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a "market perform" rating on the stock. Raymond James' price target would suggest a potential downside of 6.73% from the company's current price.

A number of other research firms have also recently commented on LB. National Bankshares boosted their target price on shares of Laurentian Bank of Canada from C$25.00 to C$28.00 and gave the stock an "underperform" rating in a research report on Tuesday. Jefferies Financial Group reduced their target price on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday, April 21st. Scotiabank boosted their target price on shares of Laurentian Bank of Canada from C$28.00 to C$32.00 and gave the stock a "sector perform" rating in a research report on Tuesday. CIBC reduced their target price on shares of Laurentian Bank of Canada from C$31.00 to C$29.00 in a research report on Thursday, May 22nd. Finally, BMO Capital Markets cut their price target on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a report on Monday, March 3rd. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, Laurentian Bank of Canada has a consensus rating of "Hold" and a consensus target price of C$29.57.

Laurentian Bank of Canada Stock Down 0.4%

Shares of TSE LB traded down C$0.12 during trading on Tuesday, reaching C$30.02. 163,543 shares of the stock were exchanged, compared to its average volume of 202,767. The business's 50-day moving average price is C$27.26 and its 200 day moving average price is C$27.93. Laurentian Bank of Canada has a twelve month low of C$24.37 and a twelve month high of C$31.74. The company has a market capitalization of C$1.32 billion, a price-to-earnings 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.