National Bankshares Lowers Laurentian Bank of Canada (TSE:LB) Price Target to C$25.00

Laurentian Bank of Canada (TSE:LB) had its price objective cut by stock analysts at National Bankshares from C$27.00 to C$25.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has an “underperform” rating on the stock. National Bankshares’ price objective indicates a potential downside of 11.25% from the stock’s current price.

LB has been the subject of a number of other reports. Raymond James reduced their target price on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research note on Monday, March 3rd. Scotiabank reduced their price objective on shares of Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Thursday, February 20th. Jefferies Financial Group lowered their target price on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday, April 21st. Finally, BMO Capital Markets cut their target price on Laurentian Bank of Canada from C$31.00 to C$30.00 in a report on Monday, March 3rd. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, Laurentian Bank of Canada has a consensus rating of “Hold” and a consensus target price of C$27.13.

Laurentian Bank of Canada Price Performance

Shares of TSE LB opened at C$28.17 on Thursday. Laurentian Bank of Canada has a one year low of C$24.37 and a one year high of C$31.74. The business’s 50-day moving average price is C$26.96 and its two-hundred day moving average price is C$27.81. 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.

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.