Laurentian Bank of Canada (TSE:LB) Given Average Recommendation of “Hold” by Analysts

Shares of Laurentian Bank of Canada (TSE:LBGet Rating) have been assigned an average recommendation of “Hold” from the eleven research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$43.20.

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Laurentian Bank of Canada from C$43.00 to C$40.00 in a research note on Thursday, September 1st. Royal Bank of Canada increased their price objective on shares of Laurentian Bank of Canada from C$52.00 to C$53.00 and gave the company an “outperform” rating in a research note on Thursday, June 2nd. CSFB dropped their price objective on shares of Laurentian Bank of Canada from C$43.00 to C$39.00 in a research note on Thursday, September 1st. Scotiabank dropped their price objective on shares of Laurentian Bank of Canada from C$50.00 to C$43.00 in a research note on Thursday, September 1st. Finally, Credit Suisse Group dropped their price target on shares of Laurentian Bank of Canada to C$39.00 in a research note on Thursday, September 1st.

Insider Transactions at Laurentian Bank of Canada

In related news, Director Nicholas Zelenczuk purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, September 13th. The stock was purchased at an average cost of C$33.79 per share, with a total value of C$33,789.50. Following the completion of the acquisition, the director now directly owns 4,000 shares of the company’s stock, valued at C$135,158.

Laurentian Bank of Canada Trading Down 4.0 %

Shares of Laurentian Bank of Canada stock opened at C$32.83 on Monday. The company has a 50 day moving average of C$39.49 and a 200-day moving average of C$40.03. Laurentian Bank of Canada has a 1-year low of C$32.80 and a 1-year high of C$45.29. The company has a market cap of C$1.42 billion and a PE ratio of 25.45.

About Laurentian Bank of Canada

(Get Rating)

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 company offers notice, demand, and term deposits; commercial, residential mortgage, and personal loans; real estate, and equipment and inventory financing; and credit life and disability insurance products.

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

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