Jefferies Financial Group Increases Laurentian Bank of Canada (TSE:LB) Price Target to C$30.00

Laurentian Bank of Canada (TSE:LB) had its price target hoisted by equities research analysts at Jefferies Financial Group from C$29.00 to C$30.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price target suggests a potential downside of 1.25% from the company’s current price.

A number of other equities research analysts have also commented on the stock. Raymond James upped their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a “market perform” rating in a research note on Monday. BMO Capital Markets increased their target price on shares of Laurentian Bank of Canada from C$27.00 to C$28.00 in a research note on Monday, November 18th. Scotiabank increased their target price on shares of Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the stock a “sector perform” rating in a research note on Monday. CIBC increased their target price on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Tuesday, November 26th. Finally, National Bankshares increased their target price on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an “underperform” rating in a research note on Monday. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$28.67.

Laurentian Bank of Canada Stock Performance

TSE:LB opened at C$30.38 on Monday. The firm’s fifty day moving average is C$27.56 and its 200-day moving average is C$26.77. Laurentian Bank of Canada has a 52 week low of C$24.45 and a 52 week high of C$31.74. The firm has a market cap of C$1.33 billion, a P/E ratio of -49.00, a P/E/G ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada Company Profile

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.