TD Securities Upgrades Laurentian Bank of Canada (LB) to “Buy”

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.

ILLEGAL ACTIVITY WARNING: This article was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright law. The correct version of this article can be viewed at https://ledgergazette.com/2017/12/06/td-securities-upgrades-laurentian-bank-of-canada-lb-to-buy.html.

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.

Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

Receive News & Ratings for Laurentian Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laurentian Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply