Laurentian Bank of Canada (TSE:LB - Get Free Report) was upgraded by analysts at Veritas to a "strong sell" rating in a research report issued on Monday,Zacks.com reports.
Other analysts also recently issued research reports about the company. Raymond James raised their price objective on Laurentian Bank of Canada from C$27.00 to C$28.00 and gave the stock a "market perform" rating in a research note on Tuesday. BMO Capital Markets lowered their target price on Laurentian Bank of Canada from C$31.00 to C$30.00 in a report on Monday, March 3rd. Jefferies Financial Group lowered their target price on Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, April 21st. Scotiabank increased their target price on Laurentian Bank of Canada from C$28.00 to C$32.00 and gave the stock a "sector perform" rating in a report on Tuesday. Finally, National Bankshares increased their target price on Laurentian Bank of Canada from C$25.00 to C$28.00 and gave the stock an "underperform" rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of C$29.57.
Check Out Our Latest Stock Analysis on LB
Laurentian Bank of Canada Stock Up 0.8%
Laurentian Bank of Canada stock traded up C$0.23 during mid-day trading on Monday, hitting C$30.12. 292,735 shares of the company's stock were exchanged, compared to its average volume of 202,337. The firm has a market capitalization 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 has a fifty-two week low of C$24.37 and a fifty-two 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$27.97.
About Laurentian Bank of Canada
(
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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