Laurentian Bank of Canada (TSE:LB) – Equities research analysts at National Bank Financial lowered their FY2020 earnings per share (EPS) estimates for Laurentian Bank of Canada in a report released on Wednesday, December 4th. National Bank Financial analyst G. Dechaine now expects that the company will post earnings per share of $4.38 for the year, down from their previous forecast of $4.75. National Bank Financial has a “Underperform” rating and a $38.00 price target on the stock.
Several other brokerages also recently weighed in on LB. Scotiabank decreased their target price on shares of Laurentian Bank of Canada from C$42.00 to C$41.00 in a research note on Thursday. CIBC raised Laurentian Bank of Canada from an “underperform” rating to a “neutral” rating and raised their price target for the stock from C$43.00 to C$49.00 in a report on Tuesday, August 13th. Canaccord Genuity dropped their price target on Laurentian Bank of Canada from C$36.00 to C$35.00 in a research report on Thursday. Finally, Barclays reaffirmed an “equal weight” rating and set a C$46.00 price objective 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 given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of C$43.22.
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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