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.
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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