National Bankshares Forecasts Strong Price Appreciation for Laurentian Bank of Canada (TSE:LB) Stock

Laurentian Bank of Canada (TSE:LB) had its price target upped by stock analysts at National Bankshares from C$25.00 to C$27.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “underperform” rating on the stock. National Bankshares’ price target would indicate a potential downside of 11.13% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Raymond James boosted their price target on Laurentian Bank of Canada from C$26.00 to C$27.00 in a research report on Wednesday, September 4th. BMO Capital Markets boosted their target price on Laurentian Bank of Canada from C$27.00 to C$28.00 in a research report on Monday, November 18th. 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. Scotiabank boosted their target price on Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the stock a “sector perform” rating in a research report on Monday. Finally, Cibc World Mkts upgraded Laurentian Bank of Canada to a “hold” rating in a research report on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$28.67.

Laurentian Bank of Canada Price Performance

LB opened at C$30.38 on Monday. The stock has a market capitalization of C$1.33 billion, a price-to-earnings ratio of -49.00, a PEG ratio of 0.76 and a beta of 1.25. The business has a fifty day moving average price of C$27.56 and a 200 day moving average price of C$26.77. Laurentian Bank of Canada has a 12 month low of C$24.45 and a 12 month 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.