Laurentian Bank of Canada (OTCMKTS:LRCDF) Price Target Increased to C$53.00 by Analysts at Royal Bank of Canada

Laurentian Bank of Canada (OTCMKTS:LRCDFGet Rating) had its target price hoisted by stock analysts at Royal Bank of Canada from C$52.00 to C$53.00 in a research report issued on Thursday, The Fly reports. The firm currently has an “outperform” rating on the stock.

LRCDF has been the topic of several other reports. Stifel Nicolaus boosted their price objective on shares of Laurentian Bank of Canada from C$40.00 to C$44.00 in a research report on Thursday. Scotiabank boosted their price objective on shares of Laurentian Bank of Canada from C$46.00 to C$50.00 in a research report on Thursday. CIBC boosted their price objective on shares of Laurentian Bank of Canada from C$41.00 to C$43.00 in a research report on Thursday. Stifel Europe started coverage on shares of Laurentian Bank of Canada in a research report on Friday, February 18th. They issued a “hold” rating and a C$46.00 price objective on the stock. Finally, TD Securities boosted their price objective on shares of Laurentian Bank of Canada from C$44.00 to C$47.00 and gave the stock a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.57.

Shares of OTCMKTS LRCDF traded up $2.17 during trading on Thursday, hitting $32.74. 100 shares of the company were exchanged, compared to its average volume of 739. Laurentian Bank of Canada has a 1 year low of $27.82 and a 1 year high of $37.43. The firm’s fifty day moving average price is $31.53 and its 200 day moving average price is $32.59.

Laurentian Bank of Canada Company Profile (Get Rating)

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 company offers notice, demand, and term deposits; commercial, residential mortgage, and personal loans; real estate, and equipment and inventory financing; and credit life and disability insurance products.

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