Laurentian Bank of Canada (LB) Receives a Sell from CIBC

In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, Laurentian Bank of Canada (LBResearch Report). Yesterday, analyst Robert Sedran gave a Sell rating to LB and set a C$43 price target.

Sedran has an average return of 10.3% when recommending Laurentian Bank of Canada.

According to TipRanks.com, Sedran is ranked #1335 out of 5121 analysts.

Currently, the analyst consensus on Laurentian Bank of Canada is a Hold with an average price target of C$44.33, representing a 19.0% upside. In a report released today, Canaccord Genuity also downgraded the stock to Sell with a C$37 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 292.5K.

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$37.24.

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