Nicholas Zelenczuk Buys 1,000 Shares of Laurentian Bank of Canada (TSE:LB) Stock

Laurentian Bank of Canada (TSE:LBGet Rating) Director Nicholas Zelenczuk acquired 1,000 shares of the stock in a transaction dated Tuesday, September 13th. The shares were bought at an average price of C$33.79 per share, with a total value of C$33,789.50. Following the completion of the purchase, the director now directly owns 4,000 shares of the company’s stock, valued at approximately C$135,158.

Laurentian Bank of Canada Stock Performance

LB opened at C$33.57 on Tuesday. Laurentian Bank of Canada has a fifty-two week low of C$32.80 and a fifty-two week high of C$45.29. The company has a fifty day moving average of C$39.37 and a two-hundred day moving average of C$39.97. The stock has a market capitalization of C$1.45 billion and a price-to-earnings ratio of 26.02.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LB. Keefe, Bruyette & Woods lowered 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. CSFB decreased their target price on shares of Laurentian Bank of Canada from C$43.00 to C$39.00 in a research report on Thursday, September 1st. TD Securities decreased their target price on shares of Laurentian Bank of Canada from C$47.00 to C$41.00 and set a “hold” rating for the company in a research report on Thursday, September 1st. Royal Bank of Canada boosted their target price 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 report on Thursday, June 2nd. Finally, CIBC decreased their target price on shares of Laurentian Bank of Canada from C$43.00 to C$40.00 in a research report on Wednesday, September 7th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$43.20.

Laurentian Bank of Canada Company Profile

(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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