Laurentian Bank of Canada (TSE:LB) Given New C$31.00 Price Target at BMO Capital Markets

Laurentian Bank of Canada (TSE:LB) had its price target raised by equities research analysts at BMO Capital Markets from C$28.00 to C$31.00 in a report released on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 3.44% from the stock’s previous close.

LB has been the topic of a number of other reports. Scotiabank raised 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 note on Monday. CIBC raised their target price on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Tuesday, November 26th. Cibc World Mkts raised shares of Laurentian Bank of Canada to a “hold” rating in a research report on Wednesday, August 21st. National Bankshares lifted their price target on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the company an “underperform” rating in a research report on Monday. Finally, Raymond James lifted their price target on shares of 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. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$28.67.

Laurentian Bank of Canada Stock Down 2.0 %

LB traded down C$0.60 during trading on Monday, reaching C$29.97. The company’s stock had a trading volume of 170,486 shares, compared to its average volume of 232,730. The firm has a fifty day simple moving average of C$27.50 and a two-hundred day simple moving average of C$26.75. 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 market cap of C$1.32 billion, a price-to-earnings ratio of -48.47, a PEG ratio of 0.76 and a beta of 1.25.

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.