Laurentian Bank of Canada (TSE:LB) Price Target Raised to C$33.00

Laurentian Bank of Canada (TSE:LB) had its price target upped by equities research analysts at Scotiabank from C$30.00 to C$33.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 8.62% from the company’s current price.

Several other analysts also recently issued reports on the company. Raymond James lifted their target price on Laurentian Bank of Canada from C$26.00 to C$27.00 in a research note on Wednesday, September 4th. Cibc World Mkts raised Laurentian Bank of Canada to a “hold” rating in a research note on Wednesday, August 21st. BMO Capital Markets raised their price target on Laurentian Bank of Canada from C$27.00 to C$28.00 in a report on Monday, November 18th. Finally, CIBC raised their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Tuesday, November 26th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$28.67.

Laurentian Bank of Canada Trading Up 1.7 %

Shares of LB opened at C$30.38 on Monday. The business’s 50 day moving average is C$27.56 and its 200 day moving average is C$26.77. The company has a market capitalization of C$1.33 billion, a PE ratio of -49.00, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a 12-month low of C$24.45 and a 12-month high of C$31.74.

About Laurentian Bank of Canada

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.