BMO Capital Markets Issues Positive Forecast for Laurentian Bank of Canada (TSE:LB) Stock Price

Laurentian Bank of Canada (TSE:LB) had its price target hoisted by stock analysts at BMO Capital Markets from C$31.00 to C$40.50 in a note issued to investors on Monday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 1.68% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group lifted their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$31.00 in a research report on Wednesday, August 13th. Desjardins lifted their target price on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the company a “sell” rating in a report on Wednesday, August 13th. Royal Bank Of Canada upgraded shares of Laurentian Bank of Canada from an “underperform” rating to a “sector perform” rating and boosted their price target for the stock from C$25.00 to C$40.00 in a research note on Monday. Raymond James Financial downgraded shares of Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a research report on Monday. Finally, National Bankshares dropped their target price on Laurentian Bank of Canada from C$27.00 to C$26.00 and set an “underperform” rating on the stock in a research report on Tuesday, September 2nd. Three research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Sell” and a consensus target price of C$35.19.

Laurentian Bank of Canada Stock Down 0.1%

LB stock traded down C$0.03 during trading on Monday, hitting C$39.83. The company had a trading volume of 251,465 shares, compared to its average volume of 226,451. The firm has a 50-day moving average price of C$33.37 and a 200-day moving average price of C$31.79. The firm has a market cap of C$1.76 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 0.76 and a beta of 1.44. Laurentian Bank of Canada has a 1-year low of C$24.37 and a 1-year high of C$40.01.

Laurentian Bank of Canada (TSE:LB) last posted its quarterly earnings data on Friday, December 5th. The company reported C$0.73 earnings per share for the quarter. The company had revenue of C$244.71 million during the quarter. Laurentian Bank of Canada had a negative return on equity of 0.20% and a negative net margin of 0.30%. Sell-side analysts anticipate that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current year.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients.