Laurentian Bank of Canada (TSE:LB) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Laurentian Bank of Canada (TSE:LB) had its price objective increased by equities researchers at BMO Capital Markets from C$27.00 to C$28.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential downside of 1.37% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. CIBC reduced their price objective on shares of Laurentian Bank of Canada from C$30.00 to C$28.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Cibc World Mkts upgraded shares of Laurentian Bank of Canada to a “hold” rating in a research note on Wednesday, August 21st. Raymond James increased their price objective on shares of Laurentian Bank of Canada from C$26.00 to C$27.00 in a report on Wednesday, September 4th. Finally, Desjardins lifted their target price on Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$26.55.

Laurentian Bank of Canada Stock Performance

Shares of Laurentian Bank of Canada stock opened at C$28.39 on Monday. Laurentian Bank of Canada has a fifty-two week low of C$24.45 and a fifty-two week high of C$29.49. The company has a market capitalization of C$1.25 billion, a P/E ratio of -45.79, a P/E/G ratio of 0.76 and a beta of 1.25. The company has a fifty day moving average of C$26.91 and a 200 day moving average of C$26.51.

Laurentian Bank of Canada (TSE:LB) last released its quarterly earnings data on Friday, August 30th. The company reported C$0.88 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.85 by C$0.03. The firm had revenue of C$256.50 million during the quarter, compared to analyst estimates of C$257.90 million. Laurentian Bank of Canada had a negative return on equity of 0.55% and a negative net margin of 1.64%. Analysts forecast that Laurentian Bank of Canada will post 3.8414986 EPS for the current year.

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.