Laurentian Bank of Canada (TSE:LB) Price Target Raised to C$28.00 at Jefferies Financial Group

Laurentian Bank of Canada (TSE:LBGet Free Report) had its price target lifted by equities research analysts at Jefferies Financial Group from C$24.00 to C$28.00 in a research report issued on Monday, BayStreet.CA reports. Jefferies Financial Group’s price objective would suggest a potential upside of 1.97% from the stock’s current price.

A number of other analysts also recently weighed in on the company. Desjardins downgraded Laurentian Bank of Canada from a “hold” rating to a “sell” rating and dropped their target price for the stock from C$27.00 to C$26.00 in a research report on Wednesday, February 7th. Royal Bank of Canada reduced their price target on Laurentian Bank of Canada from C$30.00 to C$26.00 and set an “underperform” rating on the stock in a research report on Friday, March 1st. Cormark lowered their price objective on Laurentian Bank of Canada from C$28.00 to C$26.00 in a research report on Friday, March 1st. CIBC raised their target price on shares of Laurentian Bank of Canada from C$32.00 to C$33.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Finally, National Bankshares lowered their price target on shares of Laurentian Bank of Canada from C$28.00 to C$27.00 and set an “underperform” rating for the company in a report on Friday, March 1st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Laurentian Bank of Canada presently has an average rating of “Hold” and a consensus price target of C$29.01.

View Our Latest Stock Report on LB

Laurentian Bank of Canada Price Performance

TSE LB traded up C$0.50 during trading on Monday, reaching C$27.46. The company’s stock had a trading volume of 120,647 shares, compared to its average volume of 176,856. The firm has a fifty day moving average of C$27.03 and a 200 day moving average of C$26.64. The stock has a market capitalization of C$1.20 billion, a PE ratio of 7.73, a P/E/G ratio of 0.76 and a beta of 1.27. Laurentian Bank of Canada has a one year low of C$24.92 and a one year high of C$48.23.

Laurentian Bank of Canada (TSE:LBGet Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported C$0.91 EPS for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.02). Laurentian Bank of Canada had a return on equity of 5.84% and a net margin of 17.33%. The company had revenue of C$258.34 million during the quarter, compared to the consensus estimate of C$257.80 million. Research analysts expect that Laurentian Bank of Canada will post 3.8502203 earnings per share for the current fiscal year.

Laurentian Bank of Canada Company Profile

(Get Free Report)

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.

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

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