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

Laurentian Bank of Canada (TSE:LB) had its target price lifted by equities research analysts at Desjardins from C$29.00 to C$30.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a “sell” rating on the stock. Desjardins’ price target indicates a potential downside of 3.38% from the company’s current price.

LB has been the topic of a number of other reports. National Bankshares raised their price target on Laurentian Bank of Canada from C$25.00 to C$28.00 and gave the company an “underperform” rating in a report on Tuesday, June 3rd. Jefferies Financial Group raised their price target on Laurentian Bank of Canada from C$29.00 to C$31.00 in a report on Wednesday. Scotiabank raised their price target on Laurentian Bank of Canada from C$28.00 to C$32.00 and gave the company a “sector perform” rating in a report on Tuesday, June 3rd. Raymond James Financial raised their price target on Laurentian Bank of Canada from C$27.00 to C$28.00 and gave the company a “market perform” rating in a report on Tuesday, June 3rd. Finally, Veritas raised Laurentian Bank of Canada to a “strong sell” rating in a report on Monday, June 2nd. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$30.29.

Laurentian Bank of Canada Stock Performance

TSE LB opened at C$31.05 on Wednesday. The company has a market capitalization of C$1.37 billion, a PE ratio of -247.65, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The business’s fifty day moving average is C$30.72 and its 200 day moving average is C$28.52. Laurentian Bank of Canada has a fifty-two week low of C$24.37 and a fifty-two week high of C$31.74.

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.