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Laurentian Bank of Canada (LB) Stock Forecast & Price Target

C$25.77
-0.56 (-2.13%)
(As of 07/24/2024 ET)

Laurentian Bank of Canada - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 13 Wall Street analysts who have issued ratings for Laurentian Bank of Canada in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 13 analysts, 3 have given a sell rating, and 10 have given a hold rating for LB.

Consensus Price Target

C$28.31
9.87% Upside
High ForecastC$39.00
Average ForecastC$28.31
Low ForecastC$25.00

According to the 13 analysts' twelve-month price targets for Laurentian Bank of Canada, the average price target is C$28.31. The highest price target for LB is C$39.00, while the lowest price target for LB is C$25.00. The average price target represents a forecasted upside of 9.87% from the current price of C$25.77.

TypeCurrent Forecast
7/26/23 to 7/25/24
1 Month Ago
6/26/23 to 6/25/24
3 Months Ago
4/27/23 to 4/26/24
1 Year Ago
7/26/22 to 7/26/23
Consensus Rating
Reduce
Reduce
Reduce
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
4 Buy rating(s)
Hold
10 Hold rating(s)
10 Hold rating(s)
10 Hold rating(s)
4 Hold rating(s)
Sell
3 Sell rating(s)
3 Sell rating(s)
3 Sell rating(s)
1 Sell rating(s)
Consensus Price TargetC$28.31C$28.31C$28.70C$43.17
Forecasted Upside9.87% Upside3.73% Upside2.59% Upside17.59% Upside
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LB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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LB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Laurentian Bank of Canada Stock vs. The Competition

TypeLaurentian Bank of CanadaFinancial Services Companies
Consensus Rating Score
1.77
2.52
Consensus RatingReduceModerate Buy
News Sentiment RatingNeutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/6/2024Jefferies Financial Group
2 of 5 stars
 Lower TargetHoldC$28.00 ➝ C$26.00+3.09%
6/4/2024Raymond James
4 of 5 stars
 Lower TargetMarket PerformC$27.00 ➝ C$26.00+3.22%
6/4/2024Desjardins
1 of 5 stars
D. Young
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Lower TargetSellC$26.00 ➝ C$25.00-0.75%
6/3/2024National Bankshares
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 Lower TargetUnderperformC$27.00 ➝ C$26.00+3.17%
6/3/2024Royal Bank of Canada
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 Lower TargetUnderperformC$26.00 ➝ C$25.00-0.79%
6/3/2024CIBC
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 Lower TargetNeutralC$33.00 ➝ C$30.00+19.05%
3/1/2024Cormark
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 Lower TargetC$28.00 ➝ C$26.00-3.63%
12/20/2023Scotiabank
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 Lower TargetSector PerformC$28.00 ➝ C$26.00-2.91%
12/8/2023TD Securities
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 DowngradeBuy ➝ HoldC$30.00 ➝ C$26.00+1.56%
12/8/2023BMO Capital Markets
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 Lower TargetMarket PerformC$43.00 ➝ C$33.00+28.91%
11/23/2023Keefe, Bruyette & Woods
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 Lower TargetMarket PerformC$33.00 ➝ C$28.09+8.37%
10/16/2023National Bank Financial
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G. Dechaine
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DowngradeSector Perform Market Weight ➝ Underperform Market Weight
9/15/2023Barclays
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 Lower TargetC$42.00 ➝ C$32.00+2.33%
9/1/2023CSFB
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 Lower TargetNeutralC$41.00 ➝ C$39.00+6.76%
7/12/2023Veritas Investment Research
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 Reiterated RatingBuy
12/12/2022Credit Suisse Group
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 Boost TargetSellC$33.00 ➝ C$34.00+1.52%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:19 AM ET.

LB Forecast - Frequently Asked Questions

What is Laurentian Bank of Canada's forecast for 2024?

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Laurentian Bank of Canada is C$28.31, with a high forecast of C$39.00 and a low forecast of C$25.00.

Should I buy or sell Laurentian Bank of Canada stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Laurentian Bank of Canada in the last twelve months. There are currently 3 sell ratings and 10 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" LB shares.

Does Laurentian Bank of Canada's stock price have much upside?

According to analysts, Laurentian Bank of Canada's stock has a predicted upside of 3.73% based on their 12-month stock forecasts.

What analysts cover Laurentian Bank of Canada?

Laurentian Bank of Canada has been rated by research analysts at CIBC, Desjardins, Jefferies Financial Group, National Bankshares, Raymond James, and Royal Bank of Canada in the past 90 days.

Do Wall Street analysts like Laurentian Bank of Canada more than its competitors?

Analysts like Laurentian Bank of Canada less than other "financial services" companies. The consensus rating for Laurentian Bank of Canada is Reduce while the average consensus rating for "financial services" companies is Moderate Buy. Learn more on how LB compares to other companies.


This page (TSE:LB) was last updated on 7/25/2024 by MarketBeat.com Staff

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