Laurentian Bank of Canada Got Some Good News

By Jason Carr

In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, Laurentian Bank of Canada (TSX: LB). The company received a Buy yesterday from TD Securities’ analyst Lemar Persaud, with a C$63 price target.

Persaud has an average return of 22.8% when recommending Laurentian Bank of Canada.

According to TipRanks.com, Persaud is ranked #2510 out of 4721 analysts.

Laurentian Bank of Canada has an analyst consensus of Hold, with a price target consensus of C$62.40.

The company has a one-year high of C$62.90 and a one-year low of C$51.57. Currently, Laurentian Bank of Canada has an average volume of 119.9K.

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 Thursday at C$55.91.