Laurentian Bank of Canada (OTCMKTS:LRCDF) Receives Average Recommendation of “Reduce” from Brokerages

Laurentian Bank of Canada (OTCMKTS:LRCDF) has been given a consensus recommendation of “Reduce” by the six brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company.

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada upgraded shares of Laurentian Bank of Canada to a “sector perform” rating in a research report on Friday, December 5th. Scotiabank reiterated a “sector perform” rating on shares of Laurentian Bank of Canada in a research note on Wednesday, December 3rd. BMO Capital Markets restated a “market perform” rating on shares of Laurentian Bank of Canada in a research note on Monday, December 8th. Finally, Raymond James Financial lowered Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a report on Friday, December 5th.

Laurentian Bank of Canada Stock Up 0.1%

Shares of OTCMKTS LRCDF opened at $29.40 on Tuesday. The firm’s 50-day moving average price is $26.12 and its 200-day moving average price is $23.99. Laurentian Bank of Canada has a 52-week low of $18.00 and a 52-week high of $29.40.

About Laurentian Bank of Canada

The Laurentian Bank of Canada (OTCMKTS:LRCDF) is headquartered in Quebec City and is one of Canada’s Schedule I banks. Established in 1846, the institution has grown from a regional savings bank into a diversified financial services provider. While its core footprint remains in Quebec, the bank also serves customers in other Canadian provinces through a network of branches, digital channels and broker partnerships.

Laurentian Bank’s personal banking division offers chequing and savings accounts, mortgages, lines of credit, credit cards and payment solutions.