Jefferies Financial Group Forecasts Strong Price Appreciation for Laurentian Bank of Canada (TSE:LB) Stock

Laurentian Bank of Canada (TSE:LB) had its target price upped by Jefferies Financial Group from C$29.00 to C$31.00 in a research note published on Wednesday morning,BayStreet.CA reports.

A number of other equities research analysts also recently issued reports on the company. Scotiabank upped their price objective on Laurentian Bank of Canada from C$28.00 to C$32.00 and gave the company a “sector perform” rating in a research report on Tuesday, June 3rd. Veritas raised Laurentian Bank of Canada to a “strong sell” rating in a research note on Monday, June 2nd. Desjardins increased their price objective on Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the stock a “sell” rating in a research note on Tuesday, June 3rd. CIBC increased their price objective on Laurentian Bank of Canada from C$28.00 to C$33.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 3rd. Finally, Raymond James Financial increased their price objective on Laurentian Bank of Canada from C$27.00 to C$28.00 and gave the stock a “market perform” rating in a research note on Tuesday, June 3rd. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, Laurentian Bank of Canada currently has an average rating of “Hold” and a consensus price target of C$30.29.

Laurentian Bank of Canada Trading Down 0.4%

TSE:LB opened at C$30.79 on Wednesday. The company has a market capitalization of C$1.35 billion, a P/E ratio of -245.58, a P/E/G ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a 12 month low of C$24.37 and a 12 month high of C$31.74. The business’s 50-day moving average is C$30.70 and its 200 day moving average is C$28.51.

About Laurentian Bank of Canada

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients.