Laurentian Bank of Canada (TSE:LB) shares reached a new 52-week low on Tuesday . The stock traded as low as C$48.09 and last traded at C$48.38, with a volume of 164401 shares traded. The stock had previously closed at C$48.45.
Several research analysts recently weighed in on LB shares. Barclays upgraded shares of Laurentian Bank of Canada from an “equal weight” rating to an “outperform” rating in a report on Tuesday, December 19th. Desjardins cut their price target on shares of Laurentian Bank of Canada from C$60.00 to C$59.00 in a report on Wednesday, December 6th. CSFB cut their price target on shares of Laurentian Bank of Canada from C$57.00 to C$55.00 in a report on Tuesday, January 9th. CIBC cut their price target on shares of Laurentian Bank of Canada from C$66.00 to C$60.00 in a report on Monday, December 11th. Finally, Canaccord Genuity restated a “speculative buy” rating and set a C$57.00 price target on shares of Laurentian Bank of Canada in a report on Thursday, March 1st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of C$56.40.
The firm has a market cap of $2,030.00, a PE ratio of 8.89 and a beta of 0.45.
Laurentian Bank of Canada (TSE:LB) last announced its quarterly earnings data on Tuesday, December 5th. The company reported C$1.63 EPS for the quarter, topping the consensus estimate of C$1.54 by C$0.09. The business had revenue of C$267.97 million for the quarter, compared to analyst estimates of C$257.83 million. Laurentian Bank of Canada had a net margin of 21.88% and a return on equity of 11.79%.
In related news, Director Sonia Baxendale acquired 1,500 shares of the stock in a transaction on Monday, March 5th. The shares were acquired at an average price of C$48.50 per share, with a total value of C$72,750.00.
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Laurentian Bank of Canada Company Profile
Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.
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