Scotiabank Increases Laurentian Bank of Canada (TSE:LB) Price Target to C$33.00

Laurentian Bank of Canada (TSE:LB) had its target price raised by equities researchers 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 suggests a potential upside of 8.62% from the company’s current price.

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

Laurentian Bank of Canada Price Performance

Shares of Laurentian Bank of Canada stock opened at C$30.38 on Monday. The stock’s 50-day moving average is C$27.56 and its 200 day moving average is C$26.77. Laurentian Bank of Canada has a one year low of C$24.45 and a one year high of C$31.74. The firm has a market cap 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.

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.