CIBC Has Lowered Expectations for Laurentian Bank of Canada (TSE:LB) Stock Price

Laurentian Bank of Canada (TSE:LB) had its price objective decreased by equities researchers at CIBC from C$31.00 to C$29.00 in a note issued to investors on Thursday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 2.95% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. National Bankshares lowered their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$25.00 and set an “underperform” rating for the company in a research report on Thursday. Jefferies Financial Group dropped their price target on Laurentian Bank of Canada from C$29.00 to C$27.00 in a research note on Monday, April 21st. Scotiabank decreased their price objective on Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating for the company in a report on Thursday, February 20th. BMO Capital Markets reduced their price target on Laurentian Bank of Canada from C$31.00 to C$30.00 in a research report on Monday, March 3rd. Finally, Raymond James lowered their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, March 3rd. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$27.13.

Laurentian Bank of Canada Price Performance

Shares of Laurentian Bank of Canada stock opened at C$28.17 on Thursday. The company has a market capitalization of C$1.24 billion, a P/E ratio of -224.68, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The business has a 50-day moving average of C$26.96 and a two-hundred day moving average of C$27.81. Laurentian Bank of Canada has a 1 year low of C$24.37 and a 1 year high of C$31.74.

About Laurentian Bank of Canada

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients.