A statement released earlier today by Canaccord Genuity about Laurentian Bank Of Canada (TSE:LB) bumps the target price to $54.00
- Updated: September 27, 2016
Yesterday Laurentian Bank Of Canada (TSE:LB) traded 1.01% higher at $49.09. The company’s 50-day moving average is $48.74 and its 200-day moving average is $49.07. The last stock close price is up 0.03% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 294,434 shares of the stock were exchanged, up from an average trading volume of 125,556
Canaccord Genuity bumped up the target of Laurentian Bank Of Canada (TSE:LB) to $54.00 stating a potential upside of 0.10%.
On 9/1/2016, Barclays Capital released a statement for Laurentian Bank Of Canada (TSE:LB) bumped down the target price from $49.00 to $48.00 that suggested a downside of -0.02%.
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Laurentian Bank Of Canada has a 52 week low of $42.42 and a 52 week high of $55.82 with a P/E ratio of 14.18 The company’s market cap is currently $0.
In addition to Canaccord Genuity reporting its target price, a total of 1 firm has reported on the stock. The consensus target price is $22.00 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
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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