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

Laurentian Bank of Canada (TSE:LB) has received a consensus rating of “Strong Sell” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$36.44.

A number of equities analysts have commented on the company. Scotiabank set a C$33.00 price objective on Laurentian Bank of Canada and gave the company a “sector perform” rating in a report on Tuesday, November 25th. Canadian Imperial Bank of Commerce cut Laurentian Bank of Canada from a “neutral” rating to a “tender” rating and raised their price target for the stock from C$35.00 to C$40.50 in a research report on Monday, December 8th. Desjardins cut their price objective on shares of Laurentian Bank of Canada from C$50.00 to C$40.00 and set a “tender” rating for the company in a research report on Monday, February 9th. Raymond James Financial downgraded shares of Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a research note on Monday, December 8th. Finally, BMO Capital Markets boosted 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.

Laurentian Bank of Canada Stock Up 0.1%

Shares of TSE:LB opened at C$40.11 on Friday. The business has a 50 day moving average of C$40.04 and a 200-day moving average of C$35.38. Laurentian Bank of Canada has a 12-month low of C$24.37 and a 12-month high of C$40.42. The stock has a market cap of C$1.79 billion, a PE ratio of 14.12, a P/E/G ratio of 0.76 and a beta of 1.49.

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