Laurentian Bank of Canada (TSE:LB) Price Target Raised to C$31.00

Laurentian Bank of Canada (TSE:LB) had its price target increased by Jefferies Financial Group from C$29.00 to C$31.00 in a report published on Wednesday,BayStreet.CA reports.

LB has been the subject of a number of other research reports. Veritas raised Laurentian Bank of Canada to a “strong sell” rating in a research note on Monday, June 2nd. Scotiabank raised their price target on Laurentian Bank of Canada from C$28.00 to C$32.00 and gave the stock a “sector perform” rating in a research note on Tuesday, June 3rd. National Bankshares raised their price objective on Laurentian Bank of Canada from C$25.00 to C$28.00 and gave the company an “underperform” rating in a research report on Tuesday, June 3rd. CIBC raised their price objective on Laurentian Bank of Canada from C$28.00 to C$33.00 and gave the company a “neutral” rating in a research report on Tuesday, June 3rd. Finally, Raymond James Financial raised their price objective on Laurentian Bank of Canada from C$27.00 to C$28.00 and gave the company a “market perform” rating in a research report on Tuesday, June 3rd. Three analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$30.14.

Laurentian Bank of Canada Stock Down 0.8%

Shares of LB stock opened at C$30.80 on Wednesday. The stock has a fifty day moving average of C$30.74 and a 200 day moving average of C$28.54. Laurentian Bank of Canada has a 52 week low of C$24.37 and a 52 week high of C$31.74. The firm has a market capitalization of C$1.36 billion, a price-to-earnings ratio of -245.65, a PEG ratio of 0.76 and a beta of 1.25.

About Laurentian Bank of Canada

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.