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

Laurentian Bank of Canada (TSE:LB) had its price objective increased by analysts at BMO Capital Markets from C$28.00 to C$31.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 2.04% from the company’s current price.

Several other research analysts also recently weighed in on the company. Raymond James upped their price target on Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the stock a “market perform” rating in a research note on Monday. National Bankshares upped their price target on Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an “underperform” rating in a research note on Monday. Scotiabank increased their target price on Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the company a “sector perform” rating in a research report on Monday. Jefferies Financial Group increased their target price on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the company a “hold” rating in a research report on Monday. Finally, CIBC increased their target price on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Tuesday, November 26th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, Laurentian Bank of Canada presently has an average rating of “Hold” and a consensus target price of C$28.67.

Laurentian Bank of Canada Price Performance

LB stock opened at C$30.38 on Monday. 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 capitalization of C$1.33 billion, a price-to-earnings ratio of -49.00, a PEG ratio of 0.76 and a beta of 1.25. The business has a 50 day simple moving average of C$27.56 and a two-hundred day simple moving average of C$26.77.

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.