Shares of Laurentian Bank of Canada (OTCMKTS:LRCDF) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $34.39 and traded as high as $34.82. Laurentian Bank of Canada shares last traded at $34.77, with a volume of 400 shares changing hands.
Separately, Barclays downgraded shares of Laurentian Bank of Canada to a “hold” rating in a research report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Laurentian Bank of Canada currently has a consensus rating of “Hold”.
The stock has a 50-day simple moving average of $34.40.
About Laurentian Bank of Canada (OTCMKTS:LRCDF)
Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance solutions.
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