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

Laurentian Bank of Canada (TSE:LB) has been assigned an average rating of “Strong Sell” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$35.19.

Several analysts have recently issued reports on LB shares. BMO Capital Markets upped their target price on shares of Laurentian Bank of Canada from C$31.00 to C$40.50 in a research report on Monday, December 8th. Royal Bank Of Canada raised Laurentian Bank of Canada from a “strong sell” rating to a “hold” rating and boosted their price objective for the stock from C$25.00 to C$40.00 in a research note on Monday, December 8th. Scotiabank set a C$33.00 price objective on Laurentian Bank of Canada and gave the company a “sector perform” rating in a research note on Tuesday, November 25th. Raymond James Financial downgraded Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a research report on Monday, December 8th. Finally, CIBC lowered Laurentian Bank of Canada from a “neutral” rating to a “tender” rating and increased their price target for the company from C$35.00 to C$40.50 in a report on Monday, December 8th.

Laurentian Bank of Canada Stock Performance

TSE LB opened at C$39.89 on Monday. The stock has a 50 day moving average price of C$38.50 and a 200-day moving average price of C$34.22. Laurentian Bank of Canada has a one year low of C$24.37 and a one year high of C$40.42. The company has a market capitalization of C$1.78 billion, a P/E ratio of 14.05, a P/E/G ratio of 0.76 and a beta of 1.57.

Laurentian Bank of Canada (TSE:LB) last released its quarterly earnings results on Friday, December 5th. The company reported C$0.73 earnings per share (EPS) for the quarter. Laurentian Bank of Canada had a negative net margin of 0.30% and a negative return on equity of 0.20%. The company had revenue of C$244.71 million for the quarter. As a group, equities analysts predict that Laurentian Bank of Canada will post 3.8414986 EPS for the current fiscal 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. The business services segment provides financial services, commercial banking, real estate financing, and equipment and inventory financing to business clients.