Laurentian Bank of Canada (OTCMKTS:LRCDF) Receives Consensus Recommendation of “Reduce” from Analysts

Laurentian Bank of Canada (OTCMKTS:LRCDF) has received a consensus recommendation of “Reduce” from the six analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company.

LRCDF has been the subject of a number of recent analyst reports. BMO Capital Markets reissued a “market perform” rating on shares of Laurentian Bank of Canada in a research report on Monday, December 8th. Raymond James Financial cut shares of Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a research report on Friday, December 5th. Scotiabank restated a “sector perform” rating on shares of Laurentian Bank of Canada in a report on Wednesday, December 3rd. Finally, Royal Bank Of Canada raised shares of Laurentian Bank of Canada to a “sector perform” rating in a research report on Friday, December 5th.

Laurentian Bank of Canada Price Performance

LRCDF stock opened at $28.88 on Friday. Laurentian Bank of Canada has a 52-week low of $18.00 and a 52-week high of $29.41. The business has a fifty day moving average of $27.81 and a two-hundred day moving average of $24.67.

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.