Laurentian Bank of Canada (TSE:LB) was upgraded by equities researchers at TD Securities from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm presently has a C$63.00 target price on the stock, up from their previous target price of C$62.00. TD Securities’ price objective indicates a potential upside of 12.50% from the stock’s previous close.
LB has been the subject of several other research reports. National Bank Financial boosted their price objective on Laurentian Bank of Canada from C$58.00 to C$59.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 30th. BMO Capital Markets boosted their price objective on Laurentian Bank of Canada from C$56.00 to C$57.00 and gave the stock a “market perform” rating in a report on Wednesday, August 30th. Scotiabank reissued a “sector perform” rating and set a C$60.00 price objective on shares of Laurentian Bank of Canada in a report on Monday, August 21st. CIBC boosted their price objective on Laurentian Bank of Canada from C$61.00 to C$66.00 in a report on Monday, November 13th. Finally, Canaccord Genuity boosted their price objective on Laurentian Bank of Canada from C$63.00 to C$67.00 in a report on Wednesday, November 1st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of C$60.90.
Shares of Laurentian Bank of Canada (LB) traded down C$4.80 during midday trading on Wednesday, hitting C$56.00. The stock had a trading volume of 907,479 shares, compared to its average volume of 128,039. Laurentian Bank of Canada has a 52 week low of C$51.57 and a 52 week high of C$62.90.
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Laurentian Bank of Canada Company Profile
Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.
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