Laurentian Bank of Canada (OTCMKTS:LRCDF) Receives Consensus Recommendation of “Reduce” from Analysts

Laurentian Bank of Canada (OTCMKTS:LRCDF) has received a consensus rating of “Reduce” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company.

LRCDF has been the subject of several research analyst reports. Royal Bank Of Canada upgraded shares of Laurentian Bank of Canada to a “sector perform” rating in a report on Friday, December 5th. Raymond James Financial downgraded shares of Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a research note on Friday, December 5th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Laurentian Bank of Canada in a report on Monday, December 8th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Laurentian Bank of Canada in a research report on Wednesday, December 3rd.

Laurentian Bank of Canada Stock Down 0.0%

Shares of LRCDF opened at $28.88 on Friday. Laurentian Bank of Canada has a 52-week low of $18.00 and a 52-week high of $29.41. The stock has a 50 day moving average price of $27.91 and a 200 day moving average price of $24.74.

Laurentian Bank of Canada Company Profile

The Laurentian Bank of Canada (OTCMKTS:LRCDF) is headquartered in Quebec City and is one of Canada’s Schedule I banks. Established in 1846, the institution has grown from a regional savings bank into a diversified financial services provider. While its core footprint remains in Quebec, the bank also serves customers in other Canadian provinces through a network of branches, digital channels and broker partnerships.

Laurentian Bank’s personal banking division offers chequing and savings accounts, mortgages, lines of credit, credit cards and payment solutions.