Laurentian Bank of Canada (TSE:LB) Stock Price Expected to Rise, Raymond James Analyst Says

Laurentian Bank of Canada (TSE:LB) had its price objective increased by Raymond James from C$27.00 to C$29.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James’ target price points to a potential downside of 3.24% from the stock’s previous close.

Several other brokerages have also recently weighed in on LB. Scotiabank upped their price objective on shares of Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the stock a “sector perform” rating in a research note on Monday. BMO Capital Markets upped their target price on shares of Laurentian Bank of Canada from C$27.00 to C$28.00 in a research report on Monday, November 18th. CIBC upped their target price on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Tuesday, November 26th. Cibc World Mkts upgraded shares of Laurentian Bank of Canada to a “hold” rating in a research report on Wednesday, August 21st. Finally, National Bankshares upped their target price on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an “underperform” rating in a research report on Monday. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Laurentian Bank of Canada presently has an average rating of “Hold” and a consensus price target of C$28.67.

Laurentian Bank of Canada Stock Performance

Shares of TSE:LB traded down C$0.60 on Monday, hitting C$29.97. 170,486 shares of the company were exchanged, compared to its average volume of 232,730. The firm has a market capitalization of C$1.32 billion, a price-to-earnings ratio of -48.34, a PEG ratio of 0.76 and a beta of 1.25. The company’s 50 day moving average price is C$27.50 and its two-hundred day moving average price is C$26.75. Laurentian Bank of Canada has a one year low of C$24.45 and a one year high of C$31.74.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.