Laurentian Bank of Canada (TSE:LB) PT Set at C$33.00 by Scotiabank

Laurentian Bank of Canada (TSE:LB) received a C$33.00 price target from Scotiabank in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential downside of 1.20% from the company’s current price.

Other equities analysts also recently issued reports about the company. Desjardins boosted their price objective on 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, August 13th. Jefferies Financial Group boosted their price target on shares of Laurentian Bank of Canada from C$29.00 to C$31.00 in a report on Wednesday, August 13th. CIBC raised their price objective on shares of Laurentian Bank of Canada from C$33.00 to C$35.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Raymond James Financial lifted their price objective on shares of Laurentian Bank of Canada from C$28.00 to C$30.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 2nd. Finally, National Bankshares dropped their target price on Laurentian Bank of Canada from C$27.00 to C$26.00 and set an “underperform” rating on the stock in a report on Tuesday, September 2nd. Four analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Laurentian Bank of Canada presently has a consensus rating of “Reduce” and an average target price of C$30.71.

Laurentian Bank of Canada Stock Up 0.3%

TSE:LB opened at C$33.40 on Tuesday. Laurentian Bank of Canada has a 52 week low of C$24.37 and a 52 week high of C$34.10. The company has a fifty day simple moving average of C$32.77 and a two-hundred day simple moving average of C$31.30. The company has a market cap of C$1.48 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 0.76 and a beta of 1.47.

Laurentian Bank of Canada (TSE:LB) last announced its quarterly earnings data on Friday, August 29th. The company reported C$0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.72 by C$0.01. Laurentian Bank of Canada had a negative return on equity of 0.20% and a negative net margin of 0.30%.During the same period in the previous year, the company earned $0.88 EPS. On average, analysts expect that Laurentian Bank of Canada will post 3.8414986 EPS for the current year.

Laurentian Bank of Canada Company Profile

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.