Laurentian Bank of Canada (TSE:LB) Given New C$27.00 Price Target at National Bankshares

Laurentian Bank of Canada (TSE:LB) had its price objective lifted by equities research analysts at National Bankshares from C$25.00 to C$27.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an “underperform” rating on the stock. National Bankshares’ price objective would suggest a potential downside of 11.13% from the stock’s current price.

LB has been the topic of several other reports. Raymond James increased their target price on Laurentian Bank of Canada from C$26.00 to C$27.00 in a research report on Wednesday, September 4th. 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. Cibc World Mkts raised Laurentian Bank of Canada to a “hold” rating in a research report on Wednesday, August 21st. BMO Capital Markets increased their target price on Laurentian Bank of Canada from C$27.00 to C$28.00 in a research report on Monday, November 18th. Finally, Scotiabank increased their target price on Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the stock a “sector perform” rating in a research report on Monday. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$28.67.

Laurentian Bank of Canada Stock Up 1.7 %

Shares of Laurentian Bank of Canada stock opened at C$30.38 on Monday. The firm has a market cap of C$1.33 billion, a PE ratio of -49.00, a P/E/G ratio of 0.76 and a beta of 1.25. The business’s fifty day moving average is C$27.56 and its two-hundred day moving average is C$26.77. Laurentian Bank of Canada has a fifty-two week low of C$24.45 and a fifty-two week high of C$31.74.

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.