Laurentian Bank of Canada (OTCMKTS:LRCDF) Receives Consensus Rating of “Reduce” from Brokerages

Laurentian Bank of Canada (OTCMKTS:LRCDF) has been assigned an average recommendation of “Reduce” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company.

A number of equities analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed a “market perform” rating on shares of Laurentian Bank of Canada in a research note on Monday, December 8th. Scotiabank reaffirmed a “sector perform” rating on shares of Laurentian Bank of Canada in a research report on Wednesday, December 3rd. Royal Bank Of Canada raised Laurentian Bank of Canada to a “sector perform” rating in a research note on Friday, December 5th. Finally, Raymond James Financial cut Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a research note on Friday, December 5th.

Laurentian Bank of Canada Trading Up 0.5%

LRCDF stock opened at $29.37 on Tuesday. The company has a 50 day moving average of $25.73 and a two-hundred day moving average of $23.86. Laurentian Bank of Canada has a 12-month low of $18.00 and a 12-month high of $29.37.

About Laurentian Bank of Canada

The Laurentian Bank of Canada (OTCMKTS:LRCDF) is headquartered in Quebec City and is one of Canada’s Schedule I banks. Established in 1846, the institution has grown from a regional savings bank into a diversified financial services provider. While its core footprint remains in Quebec, the bank also serves customers in other Canadian provinces through a network of branches, digital channels and broker partnerships.

Laurentian Bank’s personal banking division offers chequing and savings accounts, mortgages, lines of credit, credit cards and payment solutions.