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.
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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