Laurentian Bank of Canada (LB) Gets a Hold Rating from BMO Capital

By Austin Angelo

Laurentian Bank of Canada (LBResearch Report) has received a rating update from a Wall Street analyst today. Analyst Sohrab Movahedi from BMO Capital reiterated a Hold rating, with a C$45 price target.

According to TipRanks.com, Movahedi is a 3-star analyst with an average return of 3.1% and a 50.0% success rate. Movahedi covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Brookfield Asset Mng, and Bank Of Nova Scotia.

Currently, the analyst consensus on Laurentian Bank of Canada is a Hold with an average price target of C$44.56, representing a 18.2% upside. 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$37.69.