Laurentian Bank of Canada (TSE:LB) Receives Consensus Rating of “Reduce” from Brokerages

Laurentian Bank of Canada (TSE:LB) has earned an average recommendation of “Reduce” from the eight research firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$29.57.

Several equities analysts have issued reports on the company. Scotiabank boosted their price target on Laurentian Bank of Canada from C$28.00 to C$32.00 and gave the company a “sector perform” rating in a research note on Tuesday, June 3rd. Desjardins upped their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a “sell” rating in a report on Tuesday, June 3rd. National Bankshares upped their price objective on shares of Laurentian Bank of Canada from C$25.00 to C$28.00 and gave the company an “underperform” rating in a report on Tuesday, June 3rd. Raymond James Financial upped their price target on Laurentian Bank of Canada from C$27.00 to C$28.00 and gave the stock a “market perform” rating in a research note on Tuesday, June 3rd. Finally, 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.

Laurentian Bank of Canada Price Performance

TSE:LB opened at C$30.51 on Monday. The firm’s 50 day simple moving average is C$30.51 and its 200 day simple moving average is C$28.41. Laurentian Bank of Canada has a one year low of C$24.37 and a one year high of C$31.74. The company has a market cap of C$1.34 billion, a PE ratio of -243.34, a P/E/G 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.