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Laurentian Bank (LRCDF) Receives a Hold from National Bank


According to The Fly, national Bank analyst Gabriel Dechaine 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, Dechaine is a 5-star analyst with an average return of 9.6% and a 68.0% success rate. Dechaine covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and Toronto Dominion Bank.

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

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Based on Laurentian Bank’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $39 million. In comparison, last year the company had a net profit of $46.9 million.

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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.