Canaccord Genuity Reiterates Their Buy Rating on Laurentian Bank of Canada

By Austin Angelo

Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. Analyst Scott Chan CFA from Canaccord Genuity remains bullish on Laurentian Bank of Canada (TSX: LB) and has a C$61 price target.

According to TipRanks.com, CFA is a 3-star analyst with an average return of 2.7% and a 55.3% success rate. CFA covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Goldman Sachs Group Inc, and Bank Of Nova Scotia.

Laurentian Bank of Canada has an analyst consensus of Hold, with a price target consensus of C$58.63.

The company has a one year high of C$61.67 and a one year low of C$48.06. Currently, Laurentian Bank of Canada has an average volume of 132.9K.

Laurentian Bank of Canada is a banking institution that offers financial services across Canada. It offers its products to a network of independent financial intermediaries through B2B Trust, as well as full-service brokerage solutions through Laurentian Bank Securities.

The company’s shares closed on Tuesday at C$54.