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Laurentian Bank (LRCDF) Receives a Hold from Desjardins


According to The Fly, desjardins analyst Douglas Young maintained a Hold rating on Laurentian Bank (LRCDF) today. The company’s shares opened today at $29.72, close to its 52-week low of $27.60.

According to TipRanks.com, Young is a 4-star analyst with an average return of 3.8% and a 54.3% success rate. Young covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.

The the analyst consensus on Laurentian Bank is currently a Hold rating.

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Laurentian Bank’s market cap is currently $1.29B and has a P/E ratio of 7.26. The company has a Price to Book ratio of 0.75.

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Laurentian Bank of Canada engages in the provision of financial services. It operates through the following segments: Retail Services, Business Services, Business-to-Business (B2B) Bank, and Capital Markets. The Retail Services segment offers savings, investment, and financing products.