Laurentian Bank of Canada (TSE:LB) Stock Price Expected to Rise, National Bankshares Analyst Says

Laurentian Bank of Canada (TSE:LB) had its price objective lifted by research analysts at National Bankshares from C$25.00 to C$27.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has an “underperform” rating on the stock. National Bankshares’ price objective would indicate a potential downside of 9.91% from the company’s previous close.

A number of other equities analysts have also recently weighed in on LB. Cibc World Mkts raised Laurentian Bank of Canada to a “hold” rating in a report on Wednesday, August 21st. Scotiabank upped their target price on Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the company a “sector perform” rating in a research note on Monday. BMO Capital Markets upped their target price on Laurentian Bank of Canada from C$27.00 to C$28.00 in a research note on Monday, November 18th. CIBC boosted their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Tuesday, November 26th. Finally, Raymond James boosted their price target on Laurentian Bank of Canada from C$26.00 to C$27.00 in a research note on Wednesday, September 4th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$28.67.

Laurentian Bank of Canada Trading Down 2.0 %

Shares of TSE LB traded down C$0.60 during trading on Monday, reaching C$29.97. The company had a trading volume of 170,486 shares, compared to its average volume of 232,730. Laurentian Bank of Canada has a twelve month low of C$24.45 and a twelve month high of C$31.74. The stock has a market capitalization of C$1.32 billion, a PE ratio of -48.34, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The stock has a 50-day moving average price of C$27.50 and a two-hundred day moving average price of C$26.75.

Laurentian Bank of Canada Company Profile

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.