Keefe, Bruyette & Woods Lowers Laurentian Bank of Canada (TSE:LB) Price Target to C$38.00

Laurentian Bank of Canada (TSE:LBGet Rating) had its target price decreased by research analysts at Keefe, Bruyette & Woods from C$40.00 to C$38.00 in a research note issued on Friday, BayStreet.CA reports. Keefe, Bruyette & Woods’ target price points to a potential upside of 16.56% from the stock’s current price.

Other analysts have also issued reports about the stock. CSFB decreased their price target on shares of Laurentian Bank of Canada from C$43.00 to C$39.00 in a research report on Thursday, September 1st. Scotiabank lowered their price target on Laurentian Bank of Canada from C$50.00 to C$43.00 in a research note on Thursday, September 1st. Cormark reduced their price objective on Laurentian Bank of Canada from C$48.00 to C$46.00 in a research report on Thursday, September 1st. Credit Suisse Group reduced their target price on Laurentian Bank of Canada to C$39.00 in a research report on Thursday, September 1st. Finally, National Bankshares lowered their price target on shares of Laurentian Bank of Canada from C$51.00 to C$46.00 in a report on Friday. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Laurentian Bank of Canada currently has a consensus rating of “Hold” and a consensus price target of C$42.20.

Laurentian Bank of Canada Price Performance

Shares of LB opened at C$32.60 on Friday. The company has a market capitalization of C$1.41 billion and a PE ratio of 25.27. Laurentian Bank of Canada has a one year low of C$28.23 and a one year high of C$45.29. The company’s fifty day moving average price is C$31.01 and its 200 day moving average price is C$36.65.

Laurentian Bank of Canada (TSE:LBGet Rating) last posted its quarterly earnings data on Wednesday, August 31st. The company reported C$1.24 EPS for the quarter, hitting analysts’ consensus estimates of C$1.24. The business had revenue of C$259.95 million during the quarter, compared to the consensus estimate of C$265.09 million. Analysts anticipate that Laurentian Bank of Canada will post 5.04 earnings per share for the current year.

Insider Buying and Selling at Laurentian Bank of Canada

In other news, Director Nicholas Zelenczuk acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, September 13th. The stock was bought at an average price of C$33.79 per share, with a total value of C$33,789.50. Following the completion of the acquisition, the director now owns 4,000 shares in the company, valued at approximately C$135,158.

About Laurentian Bank of Canada

(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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Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

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