Laurentian Bank of Canada (TSE:LB) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Laurentian Bank of Canada (TSE:LB) had its price target increased by investment analysts at BMO Capital Markets from C$28.00 to C$31.00 in a report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 2.04% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. CIBC boosted their target price on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Tuesday, November 26th. Cibc World Mkts raised Laurentian Bank of Canada to a “hold” rating in a research report on Wednesday, August 21st. Jefferies Financial Group boosted their target price on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research report on Monday. National Bankshares boosted their target price on Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an “underperform” rating in a research report on Monday. Finally, Scotiabank upped their price target on shares of Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the company a “sector perform” rating in a research report on Monday. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, Laurentian Bank of Canada has a consensus rating of “Hold” and a consensus target price of C$28.67.

Laurentian Bank of Canada Stock Performance

Shares of TSE:LB opened at C$30.38 on Monday. Laurentian Bank of Canada has a fifty-two week low of C$24.45 and a fifty-two week high of C$31.74. The business has a 50-day simple moving average of C$27.56 and a two-hundred day simple moving average of C$26.77. The firm has a market cap of C$1.33 billion, a price-to-earnings ratio of -49.00, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25.

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.