A report released today by Canaccord Genuity about Laurentian Bank Of Canada (TSE:LB) raises the target price to $57.00
- Updated: November 26, 2016
Boasting a price of $52.80, Laurentian Bank Of Canada (TSE:LB) traded -0.11% lower on the day. With the last close up 7.81% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Laurentian Bank Of Canada has recorded a 50-day average of $50.18 and a two hundred day average of $49.58. Volume of trade was down over the average, with 44,491 shares of LB changing hands under the typical 114,803
Laurentian Bank Of Canada (TSE:LB) had its price target upped to $57.00 by Canaccord Genuity in an issued report issued 11/22/2016. The updated stock price target implies a possible upside of 0.08% from the company's most recent close.
On 11/15/2016, CSFB released a statement on Laurentian Bank Of Canada (TSE:LB) bumped up the target price from $0.00 to $52.00 that suggested an upside of 0.02%.
With a total market value of $0, Laurentian Bank Of Canada has price-earnings ratio of 15.44 with a one year low of $42.42 and a one year high of $55.82 .
A total of 1 analyst has released a research note on LB. One analyst rating the company a strong buy, two analysts rating the company a buy, six analysts rating the company a hold, two analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $22.00.
More About Laurentian Bank Of Canada (TSE:LB)
Laurentian Bank of Canada is a Canada-based chartered bank. The Bank, through its subsidiaries, provides banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors, and operates as a full-service brokerage firm. It operates through three business segments: Personal & Commercial, B2B Bank, and Laurentian Bank Securities & Capital Markets. The Personal & Commercial segment caters to the financial needs of business clients across Canada and retail clients in Quebec. The Bank serves retail clients through a network of branches and automatic teller machines (ATMs), providing savings, investment and financing products. The B2B Bank segment supplies banking and financial products to independent financial advisors and non-bank financial institutions across Canada. The Laurentian Bank Securities & Capital Markets segment consists of its subsidiary, Laurentian Bank Securities Inc., a full-service broker, and its capital market activities.
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