TD Securities Thinks Laurentian Bank’s Stock is Going to Recover

By Jason Carr

According to The Fly, tD Securities analyst Mario Mendonca maintained a Buy rating on Laurentian Bank (LRCDFResearch Report) today. The company’s shares opened today at $29.72, close to its 52-week low of $27.60.

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 the analyst consensus on Laurentian Bank is currently a Hold rating.

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Laurentian Bank’s market cap is currently $1.29B and has a P/E ratio of 7.26. The company has a Price to Book ratio of 0.75.

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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.