Raymond James Financial Issues Positive Forecast for Laurentian Bank of Canada (TSE:LB) Stock Price

Laurentian Bank of Canada (TSE:LB) had its price objective hoisted by Raymond James Financial from C$30.00 to C$40.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. Raymond James Financial’s price objective indicates a potential upside of 1.50% from the company’s current price.

A number of other analysts also recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$31.00 in a report on Wednesday, August 13th. National Bankshares lowered their price target on shares of Laurentian Bank of Canada from C$27.00 to C$26.00 and set an “underperform” rating on the stock in a research note on Tuesday, September 2nd. Desjardins increased their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “sell” rating in a research note on Wednesday, August 13th. Scotiabank set a C$33.00 target price on Laurentian Bank of Canada and gave the company a “sector perform” rating in a research report on Tuesday, November 25th. Finally, CIBC upped their target price on Laurentian Bank of Canada from C$33.00 to C$35.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Four equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of C$32.21.

Laurentian Bank of Canada Trading Down 0.2%

Shares of LB stock traded down C$0.07 during trading hours on Wednesday, hitting C$39.90. 735,186 shares of the company were exchanged, compared to its average volume of 219,413. Laurentian Bank of Canada has a 52 week low of C$24.37 and a 52 week high of C$40.01. The business has a 50 day moving average of C$32.95 and a two-hundred day moving average of C$31.54. The company has a market capitalization of C$1.77 billion, a PE ratio of 13.08, a PEG ratio of 0.76 and a beta of 1.47.

About Laurentian Bank of Canada

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients.