Laurentian Bank of Canada (TSE:LB) Price Target Raised to C$28.00 at BMO Capital Markets

Laurentian Bank of Canada (TSE:LB) had its price target upped by analysts at BMO Capital Markets from C$27.00 to C$28.00 in a research report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential downside of 1.75% from the company’s current price.

Other analysts also recently issued reports about the company. Cibc World Mkts raised Laurentian Bank of Canada to a “hold” rating in a research note on Wednesday, August 21st. CIBC decreased their target price on Laurentian Bank of Canada from C$30.00 to C$28.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Raymond James lifted their price target on Laurentian Bank of Canada from C$26.00 to C$27.00 in a research report on Wednesday, September 4th. Finally, Desjardins boosted their target price on Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$26.55.

Laurentian Bank of Canada Price Performance

TSE:LB traded up C$0.10 during midday trading on Monday, hitting C$28.50. The company’s stock had a trading volume of 149,259 shares, compared to its average volume of 233,002. Laurentian Bank of Canada has a fifty-two week low of C$24.45 and a fifty-two week high of C$29.49. The firm’s 50 day moving average is C$26.83 and its 200-day moving average is C$26.48. The firm has a market cap of C$1.25 billion, a P/E ratio of -45.97, a P/E/G ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada (TSE:LB) last released its quarterly earnings data on Friday, August 30th. The company reported C$0.88 EPS for the quarter, topping the consensus estimate of C$0.85 by C$0.03. Laurentian Bank of Canada had a negative return on equity of 0.55% and a negative net margin of 1.64%. The business had revenue of C$256.50 million for the quarter, compared to analyst estimates of C$257.90 million. As a group, analysts forecast that Laurentian Bank of Canada will post 3.8414986 EPS for the current year.

About Laurentian Bank of Canada

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.