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

Laurentian Bank of Canada (OTCMKTS:LRCDF) has earned a consensus recommendation of “Reduce” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company.

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

Laurentian Bank of Canada Price Performance

Shares of OTCMKTS:LRCDF opened at $29.29 on Wednesday. The company’s fifty day moving average price is $29.19 and its 200-day moving average price is $25.63. Laurentian Bank of Canada has a one year low of $18.00 and a one year high of $29.61.

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.