Barclays Reaffirms Their Buy Rating on Laurentian Bank of Canada (LB)

By Ryan Adsit

Shares of Laurentian Bank of Canada (LBResearch Report) were revisited by a Wall Street analyst yesterday. Analyst John Aiken from Barclays rated Laurentian Bank of Canada (LBResearch Report) a Buy, setting a C$45 price target.

According to TipRanks.com, Aiken is a 1-star analyst with an average return of -2.1% and a 38.5% success rate. Aiken covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.

Currently, the analyst consensus on Laurentian Bank of Canada is a Hold with an average price target of C$43.25.

Laurentian Bank of Canada’s market cap is currently C$1.75B and has a P/E ratio of 8.9. The company has a Price to Book ratio of 0.78.

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 Wednesday at C$41.54.