Laurentian Bank of Canada (TSE:LB) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, December 5th. Analysts expect Laurentian Bank of Canada to post earnings of C$1.30 per share for the quarter.
Laurentian Bank of Canada (TSE:LB) last issued its quarterly earnings results on Tuesday, September 4th. The company reported C$1.34 EPS for the quarter, missing the Zacks’ consensus estimate of C$1.47 by C($0.13). The business had revenue of C$260.66 million for the quarter, compared to analyst estimates of C$267.51 million.
Shares of LB opened at C$41.41 on Tuesday. Laurentian Bank of Canada has a 12 month low of C$40.25 and a 12 month high of C$62.90.
A number of analysts have commented on the stock. National Bank Financial cut their price target on shares of Laurentian Bank of Canada from C$48.00 to C$45.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 5th. Royal Bank of Canada upped their price target on shares of Laurentian Bank of Canada from C$55.00 to C$56.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 5th. BMO Capital Markets cut shares of Laurentian Bank of Canada from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$57.00 to C$50.00 in a research report on Wednesday, September 5th. TD Securities cut their price target on shares of Laurentian Bank of Canada from C$55.00 to C$51.00 and set a “buy” rating on the stock in a research report on Wednesday, September 5th. Finally, Cormark cut their price target on shares of Laurentian Bank of Canada from C$53.00 to C$45.00 in a research report on Wednesday, September 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$49.73.
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About Laurentian Bank of Canada
Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance and leasing solutions.
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