Laurentian Bank of Canada (LB), the Financial sector company, has received a rating update from a Wall Street analyst today. Analyst Mario Mendonca from TD Securities reiterated a Buy rating, with a C$51 price target.
According to TipRanks.com, Mendonca is a 1-star analyst with an average return of -1.4% and a 34.7% success rate. Mendonca covers the Financial sector, focusing on stocks such as Manulife Financial Corp, National Bank of Canada, and Canadian Western Bank.
The word on The Street in general, suggests a Hold analyst consensus rating for Laurentian Bank of Canada with a C$44.56 average price target, a 18.3% upside from current levels. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a C$46 price target.
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The company has a one-year high of C$58.08 and a one-year low of C$39.56. Currently, Laurentian Bank of Canada has an average volume of 282.1K.
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.
