Scotiabank Lowers Laurentian Bank of Canada (TSE:LB) Price Target to C$28.00

Laurentian Bank of Canada (TSE:LB) had its target price dropped by equities researchers at Scotiabank from C$33.00 to C$28.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective points to a potential upside of 2.71% from the stock’s previous close.

Several other research analysts have also issued reports on the company. Raymond James upped their target price on Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a “market perform” rating in a research report on Monday, December 9th. Jefferies Financial Group raised their target price on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. BMO Capital Markets boosted their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Monday, December 9th. CIBC raised their price target on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Tuesday, November 26th. Finally, National Bankshares upped their price objective on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the company an “underperform” rating in a report on Monday, December 9th. Three 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 has an average rating of “Hold” and a consensus target price of C$28.11.

Laurentian Bank of Canada Stock Performance

TSE:LB opened at C$27.26 on Thursday. The stock has a market capitalization of C$1.20 billion, a P/E ratio of -217.42, a P/E/G ratio of 0.76 and a beta of 1.25. The company’s 50-day simple moving average is C$28.46 and its 200-day simple moving average is C$27.62. Laurentian Bank of Canada has a fifty-two week low of C$24.45 and a fifty-two week high of C$31.74.

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.