Laurentian Bank of Canada (LB) Price Target Lowered to C$46.00 at Barclays

Laurentian Bank of Canada (TSE:LB) had its price objective lowered by Barclays from C$48.00 to C$46.00 in a research note published on Thursday.

Several other analysts have also issued reports on LB. Royal Bank of Canada increased their price objective on Laurentian Bank of Canada from C$55.00 to C$56.00 and gave the stock a sector perform rating in a report on Wednesday, September 5th. CIBC cut their price objective on Laurentian Bank of Canada from C$49.00 to C$47.00 in a report on Wednesday, September 5th. Cormark cut their price objective on Laurentian Bank of Canada from C$53.00 to C$45.00 in a report on Wednesday, September 5th. BMO Capital Markets lowered Laurentian Bank of Canada from an outperform rating to a market perform rating and cut their price objective for the stock from C$57.00 to C$50.00 in a report on Wednesday, September 5th. Finally, National Bank Financial cut their target price on Laurentian Bank of Canada from C$48.00 to C$45.00 and set a sector perform rating on the stock in a report on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of C$46.64.

Shares of TSE:LB opened at C$39.48 on Thursday. Laurentian Bank of Canada has a 1 year low of C$37.05 and a 1 year high of C$58.08.

Laurentian Bank of Canada (TSE:LB) last announced its quarterly earnings data on Tuesday, September 4th. The company reported C$1.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.47 by C($0.13). The company had revenue of C$260.66 million during the quarter, compared to analyst estimates of C$267.51 million. Analysts anticipate that Laurentian Bank of Canada will post 5.25253884346406 earnings per share for the current fiscal year.

Laurentian Bank of Canada Company Profile

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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Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

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