Laurentian Bank of Canada (OTCMKTS:LRCDF) had its price target trimmed by TD Securities from C$47.00 to C$46.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has a hold rating on the stock.
Other equities analysts have also issued reports about the company. Scotiabank upped their target price on Laurentian Bank of Canada from C$46.00 to C$48.00 and gave the company a sector perform rating in a research report on Wednesday. Royal Bank of Canada upped their target price on Laurentian Bank of Canada from C$51.00 to C$52.00 and gave the company an outperform rating in a research report on Thursday, September 2nd. Credit Suisse Group upped their target price on Laurentian Bank of Canada from C$42.00 to C$44.00 and gave the company an underperform rating in a research report on Thursday, September 2nd. Finally, CIBC boosted their price target on Laurentian Bank of Canada from C$43.00 to C$45.00 and gave the company an underperform rating in a report on Thursday, September 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $46.40.
Shares of LRCDF opened at $30.87 on Wednesday. The business’s 50 day moving average is $32.94 and its two-hundred day moving average is $34.02. Laurentian Bank of Canada has a 52-week low of $23.28 and a 52-week high of $37.43.
Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to individuals, business, and institutional customers in Canada and the United States. It operates through Personal, Business Services, and Institutional segments. The company offers notice, demand, and term deposits; commercial, residential mortgage, and personal loans; equipment and inventory, and real estate financing; and credit life and disability insurance products.
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