BMO Capital Markets Has Lowered Expectations for Laurentian Bank of Canada (TSE:LB) Stock Price

Laurentian Bank of Canada (TSE:LB) had its price target decreased by equities researchers at BMO Capital Markets from C$31.00 to C$30.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 12.57% from the company’s current price.

A number of other research firms have also weighed in on LB. Scotiabank cut their price objective on Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 20th. Raymond James reduced their price target on Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday. CIBC boosted their price objective on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Tuesday, November 26th. Jefferies Financial Group upped their target price on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, National Bankshares lifted their price target 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, December 9th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, Laurentian Bank of Canada has an average rating of “Hold” and an average target price of C$28.00.

Laurentian Bank of Canada Stock Performance

Shares of LB stock opened at C$26.65 on Monday. The stock has a market capitalization of C$1.17 billion, a P/E ratio of -212.56, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. 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 company has a 50 day moving average price of C$28.26 and a 200 day moving average price of C$27.70.

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.