The Financial sector company, Laurentian Bank of Canada (LB), has received a rating update from a Wall Street analyst today. Analyst Gabriel Dechaine from National Bank rated Laurentian Bank of Canada (LB) a Hold, setting a C$41 price target.
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.
Laurentian Bank of Canada has an analyst consensus of Hold, with a price target consensus of C$44.56, a 18.3% upside from current levels. 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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Laurentian Bank of Canada’s market cap is currently C$1.67B and has a P/E ratio of 7.4. The company has a Price to Book ratio of 0.75.
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$37.68.
