Laurentian Bank of Canada (TSE:LB) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$56.40.
LB has been the subject of a number of research reports. National Bank Financial restated a “sector perform market weight” rating on shares of Laurentian Bank of Canada in a report on Tuesday, January 16th. BMO Capital Markets restated an “outperform” rating and set a C$60.00 target price on shares of Laurentian Bank of Canada in a report on Thursday, March 1st. TD Securities reduced their target price on shares of Laurentian Bank of Canada from C$64.00 to C$58.00 and set a “buy” rating for the company in a report on Thursday, March 1st. Barclays reduced their target price on shares of Laurentian Bank of Canada from C$59.00 to C$57.00 in a report on Friday, February 16th. Finally, CIBC reduced their target price on shares of Laurentian Bank of Canada from C$60.00 to C$55.00 in a report on Thursday, March 1st.
In other news, Director Sonia Baxendale purchased 1,500 shares of Laurentian Bank of Canada stock in a transaction that occurred on Monday, March 5th. The stock was acquired at an average price of C$48.50 per share, for a total transaction of C$72,750.00.
Shares of LB stock traded up C$0.27 during trading hours on Friday, reaching C$49.54. 99,718 shares of the company were exchanged, compared to its average volume of 316,802. The company has a market capitalization of $2,050.00, a PE ratio of 9.00 and a beta of 0.45. Laurentian Bank of Canada has a 1 year low of C$48.09 and a 1 year high of C$62.90.
Laurentian Bank of Canada (TSE:LB) last issued its earnings results on Wednesday, February 28th. The company reported C$1.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$1.52 by C($0.03). The business had revenue of C$267.00 million for the quarter, compared to the consensus estimate of C$265.70 million. Laurentian Bank of Canada had a return on equity of 11.79% and a net margin of 21.88%.
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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