Raymond James Issues Pessimistic Forecast for Laurentian Bank of Canada (TSE:LB) Stock Price

Laurentian Bank of Canada (TSE:LB) had its price objective decreased by research analysts at Raymond James from C$29.00 to C$27.00 in a report released on Monday,BayStreet.CA reports. Raymond James’ price target indicates a potential upside of 1.31% from the stock’s current price.

A number of other research firms also recently issued reports on LB. Scotiabank dropped their price objective on shares of Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 20th. 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, December 9th. National Bankshares lifted their price target on Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the company an “underperform” rating in a report on Monday, December 9th. CIBC upped their price objective on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Tuesday, November 26th. Finally, BMO Capital Markets lifted their target price on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, Laurentian Bank of Canada has an average rating of “Hold” and a consensus price target of C$28.00.

Laurentian Bank of Canada Price Performance

TSE:LB opened at C$26.65 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 50-day moving average of C$28.26 and a 200 day moving average of C$27.70. The firm has a market cap of C$1.17 billion, a PE ratio of -212.56, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25.

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.