Laurentian Bank of Canada (OTCMKTS:LRCDF) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $33.88 and traded as high as $35.05. Laurentian Bank of Canada shares last traded at $35.05, with a volume of 570 shares.
Several research analysts recently weighed in on the company. Desjardins set a $44.00 target price on Laurentian Bank of Canada and gave the stock a “hold” rating in a research report on Friday, August 30th. Scotiabank set a $40.00 price objective on Laurentian Bank of Canada and gave the company a “hold” rating in a research report on Friday, August 30th. Canaccord Genuity set a $36.00 price objective on Laurentian Bank of Canada and gave the company a “sell” rating in a research report on Friday, August 30th. BMO Capital Markets set a $44.00 price objective on Laurentian Bank of Canada and gave the company a “hold” rating in a research report on Friday, August 30th. Finally, Barclays reissued a “hold” rating and issued a $46.00 price objective on shares of Laurentian Bank of Canada in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $42.00.
The firm has a 50-day simple moving average of $33.88 and a 200 day simple moving average of $33.17.
Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance solutions.
See Also: Buy-Side Analysts
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