Laurentian Bank of Canada (TSE:LB) PT Raised to C$26.00

Laurentian Bank of Canada (TSE:LB) had its price objective boosted by stock analysts at Desjardins from C$25.00 to C$26.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm currently has a “sell” rating on the stock. Desjardins’ price target points to a potential upside of 3.50% from the company’s current price.

Several other equities analysts also recently weighed in on the stock. Raymond James lowered their price target on shares of Laurentian Bank of Canada from C$27.00 to C$26.00 and set a “market perform” rating on the stock in a report on Tuesday, June 4th. CIBC lowered their price target on shares of Laurentian Bank of Canada from C$33.00 to C$30.00 and set a “neutral” rating on the stock in a report on Monday, June 3rd. Jefferies Financial Group lowered their price target on shares of Laurentian Bank of Canada from C$28.00 to C$26.00 and set a “hold” rating on the stock in a report on Thursday, June 6th. Royal Bank of Canada lowered their price target on shares of Laurentian Bank of Canada from C$26.00 to C$25.00 and set an “underperform” rating on the stock in a report on Monday, June 3rd. Finally, National Bankshares lowered their target price on shares of Laurentian Bank of Canada from C$27.00 to C$26.00 and set an “underperform” rating on the stock in a report on Monday, June 3rd. Three analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat, Laurentian Bank of Canada has an average rating of “Hold” and a consensus price target of C$28.39.

Laurentian Bank of Canada Stock Performance

Shares of LB stock traded down C$0.42 during trading hours on Tuesday, reaching C$25.12. The company had a trading volume of 116,100 shares, compared to its average volume of 196,025. The business has a fifty day moving average price of C$26.12 and a 200-day moving average price of C$26.65. Laurentian Bank of Canada has a one year low of C$24.45 and a one year high of C$40.60. The firm has a market cap of C$1.10 billion, a PE ratio of 7.07, a price-to-earnings-growth ratio of 0.76 and a beta of 1.28.

Laurentian Bank of Canada (TSE:LB) last announced its earnings results on Friday, May 31st. The company reported C$0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.84 by C$0.06. Laurentian Bank of Canada had a net margin of 17.33% and a return on equity of 5.84%. The company had revenue of C$252.59 million during the quarter, compared to analyst estimates of C$253.47 million. Equities research analysts forecast that Laurentian Bank of Canada will post 3.7793103 EPS for the current year.

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.