National Bankshares Lowers Laurentian Bank of Canada (TSE:LB) Price Target to C$27.00

Laurentian Bank of Canada (TSE:LB) had its price objective dropped by stock analysts at National Bankshares from C$28.00 to C$27.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “underperform” rating on the stock. National Bankshares’ target price points to a potential downside of 12.34% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Jefferies Financial Group increased their price target on shares of Laurentian Bank of Canada from C$29.00 to C$31.00 in a research report on Wednesday. Raymond James Financial boosted their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$28.00 and gave the company a “market perform” rating in a report on Tuesday, June 3rd. Veritas upgraded shares of Laurentian Bank of Canada to a “strong sell” rating in a report on Monday, June 2nd. Desjardins lifted their price target on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “sell” rating in a research report on Wednesday. Finally, CIBC boosted their price target on shares of Laurentian Bank of Canada from C$28.00 to C$33.00 and gave the company a “neutral” rating in a report on Tuesday, June 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.com, the company presently has a consensus rating of “Hold” and an average price target of C$30.14.

Laurentian Bank of Canada Stock Down 0.8%

TSE:LB opened at C$30.80 on Friday. Laurentian Bank of Canada has a 12-month low of C$24.37 and a 12-month high of C$31.74. The stock’s fifty day simple moving average is C$30.74 and its 200-day simple moving average is C$28.54. The firm has a market capitalization of C$1.36 billion, a P/E ratio of -245.65, 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.