Laurentian Bank of Canada (LB) Price Target Cut to C$60.00

Laurentian Bank of Canada (TSE:LB) had its target price decreased by research analysts at CIBC from C$66.00 to C$60.00 in a research note issued to investors on Monday. CIBC’s price objective suggests a potential upside of 4.18% from the company’s previous close.

LB has been the subject of a number of other research reports. Desjardins cut their price target on shares of Laurentian Bank of Canada from C$60.00 to C$59.00 in a report on Wednesday, December 6th. National Bank Financial raised their price target on shares of 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 lifted their target price on shares of Laurentian Bank of Canada from C$56.00 to C$57.00 and gave the company a “market perform” rating in a report on Wednesday, August 30th. TD Securities upgraded shares of Laurentian Bank of Canada from a “hold” rating to a “buy” rating and lifted their target price for the company from C$62.00 to C$63.00 in a report on Wednesday, December 6th. Finally, Barclays lifted their target price on shares of Laurentian Bank of Canada from C$57.00 to C$62.00 in a report on Wednesday, December 6th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of C$60.30.

Shares of Laurentian Bank of Canada (TSE:LB) traded up C$0.17 during midday trading on Monday, hitting C$57.59. 303,165 shares of the stock were exchanged, compared to its average volume of 137,662. Laurentian Bank of Canada has a fifty-two week low of C$51.57 and a fifty-two 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.

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

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