Laurentian Bank of Canada (LB) PT Lowered to C$51.00 at TD Securities

Laurentian Bank of Canada (TSE:LB) had its price objective reduced by TD Securities from C$52.00 to C$51.00 in a research report sent to investors on Thursday. TD Securities currently has a buy rating on the stock.

LB has been the subject of a number of other research reports. Canaccord Genuity lowered their target price on shares of Laurentian Bank of Canada from C$44.00 to C$40.00 in a research note on Thursday, November 22nd. National Bank Financial lowered their target price on shares of Laurentian Bank of Canada from C$48.00 to C$45.00 and set a sector perform rating for the company in a research note on Wednesday, September 5th. Barclays lowered their target price on shares of Laurentian Bank of Canada from C$52.00 to C$49.00 in a research note on Wednesday, September 5th. BMO Capital Markets downgraded shares of Laurentian Bank of Canada from an outperform rating to a market perform rating and lowered their target price for the stock from C$57.00 to C$50.00 in a research note on Wednesday, September 5th. Finally, CIBC lowered their target price on shares of Laurentian Bank of Canada from C$49.00 to C$47.00 in a research note on Wednesday, September 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of C$46.64.

Shares of TSE LB opened at C$39.48 on Thursday. Laurentian Bank of Canada has a twelve month low of C$37.05 and a twelve month high of C$58.08.



Laurentian Bank of Canada (TSE:LB) last announced its earnings results on Tuesday, September 4th. The company reported C$1.34 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.47 by C($0.13). The company had revenue of C$260.66 million for the quarter, compared to analyst estimates of C$267.51 million. Sell-side analysts forecast that Laurentian Bank of Canada will post 5.25253884346406 earnings per share for the current fiscal year.

About Laurentian Bank of Canada

Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance and leasing solutions.

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Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

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