Laurentian Bank of Canada (TSE:LB) Price Target Cut to C$38.00

Laurentian Bank of Canada (TSE:LB) had its target price lowered by National Bank Financial from C$40.00 to C$38.00 in a report issued on Thursday morning, BayStreet.CA reports. The brokerage currently has an underperform rating on the stock. National Bank Financial also issued estimates for Laurentian Bank of Canada’s Q1 2020 earnings at $1.02 EPS, Q2 2020 earnings at $1.00 EPS and FY2021 earnings at $4.54 EPS.

A number of other research analysts have also recently commented on the company. CIBC raised Laurentian Bank of Canada from an underperform rating to a neutral rating and increased their target price for the company from C$43.00 to C$49.00 in a research note on Tuesday, August 13th. Barclays reaffirmed an equal weight rating and set a C$46.00 price target on shares of Laurentian Bank of Canada in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company has an average rating of Hold and a consensus price target of C$43.22.

TSE LB opened at C$43.68 on Thursday. Laurentian Bank of Canada has a 52-week low of C$36.21 and a 52-week high of C$46.99. The company has a fifty day moving average of C$45.92 and a 200-day moving average of C$44.91. The company has a market capitalization of $1.94 billion and a P/E ratio of 10.90.

Laurentian Bank of Canada Company Profile

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 solutions.

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

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