Scotiabank Issues Positive Forecast for Laurentian Bank of Canada (TSE:LB) Stock Price

Laurentian Bank of Canada (TSE:LB) had its price objective increased by investment analysts at Scotiabank from C$30.00 to C$33.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 10.11% from the company’s current price.

Several other equities analysts have also issued reports on LB. Raymond James lifted their price target on shares of Laurentian Bank of Canada from C$26.00 to C$27.00 in a report on Wednesday, September 4th. Cibc World Mkts upgraded shares of Laurentian Bank of Canada to a “hold” rating in a research report on Wednesday, August 21st. CIBC boosted their target price on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Tuesday, November 26th. Finally, BMO Capital Markets boosted their target price on shares of Laurentian Bank of Canada from C$27.00 to C$28.00 in a research report on Monday, November 18th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, Laurentian Bank of Canada presently has a consensus rating of “Hold” and a consensus price target of C$28.67.

Laurentian Bank of Canada Stock Down 2.0 %

LB stock traded down C$0.60 during trading on Monday, hitting C$29.97. 170,486 shares of the company’s stock traded hands, compared to its average volume of 232,730. The firm has a market capitalization of C$1.32 billion, a P/E ratio of -48.34, a PEG ratio of 0.76 and a beta of 1.25. The business has a fifty day simple moving average of C$27.50 and a two-hundred day simple moving average of C$26.75. Laurentian Bank of Canada has a 1 year low of C$24.45 and a 1 year high of C$31.74.

About Laurentian Bank of Canada

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.