Laurentian Bank of Canada (TSE:LB) Raised to Strong Sell at Veritas

Laurentian Bank of Canada (TSE:LB - Get Free Report) was upgraded by equities research analysts at Veritas to a "strong sell" rating in a report released on Monday,Zacks.com reports.

LB has been the subject of several other research reports. Desjardins increased their price objective on Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the stock a "sell" rating in a report on Tuesday, June 3rd. Raymond James 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 research note on Tuesday, June 3rd. CIBC raised their target price on 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. Jefferies Financial Group lowered their target price on Laurentian Bank of Canada from C$29.00 to C$27.00 in a research note on Monday, April 21st. Finally, BMO Capital Markets lowered their target price on Laurentian Bank of Canada from C$31.00 to C$30.00 in a research note on Monday, March 3rd. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of C$29.57.

Laurentian Bank of Canada Trading Up 0.8%

TSE LB traded up C$0.23 on Monday, hitting C$30.12. The company's stock had a trading volume of 292,735 shares, compared to its average volume of 202,337. Laurentian Bank of Canada has a 52-week low of C$24.37 and a 52-week high of C$31.74. The company's 50-day simple moving average is C$27.43 and its 200 day simple moving average is C$27.96. The firm has a market cap of C$1.33 billion, a P/E ratio of -240.23, a PEG 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.