Shares of Laurentian Bank of Canada (LB) were revisited by a Wall Street analyst today. RBC Capital’s analyst Darko Mihelic reiterates their Hold rating on the shares, with a C$51 price target.
According to TipRanks.com, Mihelic is a 4-star analyst with an average return of 2.9% and a 57.1% success rate. Mihelic covers the Financial sector, focusing on stocks such as Toronto Dominion Bank, Bank Of Nova Scotia, and Laurentian Bank.
Laurentian Bank of Canada has an analyst consensus of Hold, with a price target consensus of C$44.56, representing a 18.3% upside. In a report issued on November 22, Canaccord Genuity also maintained a Hold rating on the stock with a C$40 price target.
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Based on Laurentian Bank of Canada’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of C$50.8 million. In comparison, last year the company had a net profit of C$58.64 million.
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.
The company’s shares closed on Thursday at C$37.69.
