BMO Capital Markets Issues Positive Forecast for Laurentian Bank of Canada (TSE:LB) Stock Price

Laurentian Bank of Canada (TSE:LB) had its price target raised by equities research analysts at BMO Capital Markets from C$27.00 to C$28.00 in a research report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential downside of 1.75% from the stock’s current price.

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

Laurentian Bank of Canada Stock Up 0.4 %

Laurentian Bank of Canada stock traded up C$0.10 during trading hours on Monday, hitting C$28.50. The stock had a trading volume of 149,259 shares, compared to its average volume of 233,002. 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 cap of C$1.25 billion, a PE ratio of -45.97, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The company has a 50-day moving average of C$26.83 and a two-hundred day moving average of C$26.48.

Laurentian Bank of Canada (TSE:LB) last released its quarterly earnings results on Friday, August 30th. The company reported C$0.88 EPS for the quarter, topping analysts’ consensus estimates of C$0.85 by C$0.03. The business had revenue of C$256.50 million for 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%. As a group, analysts forecast that Laurentian Bank of Canada will post 3.8414986 EPS for the current fiscal year.

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.