Raymond James Issues Positive Forecast for Laurentian Bank of Canada (TSE:LB) Stock Price

Laurentian Bank of Canada (TSE:LB) had its target price lifted by equities research analysts at Raymond James from C$27.00 to C$29.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. Raymond James’ price target would suggest a potential downside of 4.54% from the company’s previous close.

Several other equities research analysts have also issued reports on LB. Cibc World Mkts raised shares of Laurentian Bank of Canada to a “hold” rating in a research note on Wednesday, August 21st. BMO Capital Markets boosted their target price on shares of Laurentian Bank of Canada from C$27.00 to C$28.00 in a research report on Monday, November 18th. National Bankshares boosted their target price on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an “underperform” rating in a research report on Monday. CIBC boosted their target price on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Tuesday, November 26th. Finally, Scotiabank boosted their target price on shares of Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the stock a “sector perform” rating in a research report on Monday. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$28.67.

Laurentian Bank of Canada Trading Up 1.7 %

LB stock opened at C$30.38 on Monday. Laurentian Bank of Canada has a 1 year low of C$24.45 and a 1 year high of C$31.74. The company has a fifty day simple moving average of C$27.56 and a 200 day simple moving average of C$26.77. The firm has a market cap of C$1.33 billion, a PE ratio of -49.00, a PEG ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada Company Profile

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.