Laurentian Bank of Canada (TSE:LB) has analysts on the Bullish side this week.

January 20, 2018 - By Louis Casey

 Laurentian Bank of Canada (TSE:LB) has analysts on the Bullish side this week.
Investors sentiment increased to 1.19 in 2017 Q3. Its up 0.15, from 1.04 in 2017Q2. It improved, as 67 investors sold Laurentian Bank of Canada shares while 105 reduced holdings. 55 funds opened positions while 150 raised stakes. 217.14 million shares or 1.57% less from 220.61 million shares in 2017Q2 were reported.
Asset Management One Ltd has invested 0.04% in Laurentian Bank of Canada (TSE:LB). Texas Permanent School Fund has 0.04% invested in Laurentian Bank of Canada (TSE:LB) for 69,159 shares. Korea Invest Corp stated it has 86,757 shares or 0.02% of all its holdings. Fjarde Ap, Alabama-based fund reported 58,955 shares. Lazard Asset Mngmt Lc accumulated 0% or 362 shares. Goldman Sachs owns 0.03% invested in Laurentian Bank of Canada (TSE:LB) for 3.16M shares. Sector Pension Investment Board holds 0% or 26,895 shares in its portfolio. American National Ins Communication Tx reported 96,390 shares. Kempen Cap Management Nv invested in 429,050 shares or 1.38% of the stock. Atlantic Trust Gru Limited Co holds 0.01% or 45,828 shares in its portfolio. Moreover, Blume Capital Mgmt Incorporated has 0% invested in Laurentian Bank of Canada (TSE:LB). 485,777 were reported by Susquehanna Intll Ltd Liability Partnership. Proshare Ltd Limited Liability Company holds 0.02% of its portfolio in Laurentian Bank of Canada (TSE:LB) for 41,319 shares. First Citizens National Bank & Trust And Tru holds 9,573 shares. Bnp Paribas Arbitrage Sa, New York-based fund reported 198,625 shares.

Laurentian Bank of Canada (TSE:LB) Ratings Coverage

Among 6 analysts covering Laurentian Bank Of Canada (TSE:LB), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Laurentian Bank Of Canada had 52 analyst reports since August 17, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, June 10 by TD Securities. The rating was maintained by RBC Capital Markets on Wednesday, May 31 with “Sector Perform”. The firm has “Speculative Buy” rating by Canaccord Genuity given on Wednesday, December 6. On Thursday, September 1 the stock rating was maintained by Scotia Capital with “Sector Perform”. BMO Capital Markets upgraded Laurentian Bank of Canada (TSE:LB) on Wednesday, December 6 to “Outperform” rating. The stock has “Sector Perform” rating by Scotia Capital on Monday, August 21. Scotia Capital maintained Laurentian Bank of Canada (TSE:LB) rating on Friday, March 3. Scotia Capital has “Sector Perform” rating and $64 target. As per Tuesday, May 23, the company rating was upgraded by Barclays Capital. The rating was upgraded by TD Securities on Wednesday, December 6 to “Buy”. The firm earned “Sector Perform” rating on Thursday, July 21 by RBC Capital Markets. Below is a list of Laurentian Bank of Canada (TSE:LB) latest ratings and price target changes.

11/12/2017 Broker: IBC Rating: Old Target: $66.00 New Target: $60.00 Target Down
06/12/2017 Broker: Barclays Capital Rating: Old Target: $57.00 New Target: $62.00 Target Up
06/12/2017 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Outperform Old Target: $57.00 New Target: $62.00 Upgrade
06/12/2017 Broker: Canaccord Genuity Old Rating: Buy New Rating: Speculative Buy Old Target: $67.00 New Target: $61.00 Downgrade
06/12/2017 Broker: Desjardins Securities Rating: Old Target: $60.00 New Target: $59.00 Target Down
06/12/2017 Broker: National Bank Canada Rating: Sector Perform Old Target: $59.00 New Target: $60.00 Target Up
06/12/2017 Broker: RBC Capital Markets Rating: Sector Perform Old Target: $60.00 New Target: $55.00 Target Down
06/12/2017 Broker: Scotia Capital Rating: Sector Perform Old Target: $67.00 New Target: $64.00 Target Down
06/12/2017 Broker: TD Securities Old Rating: Hold New Rating: Buy Old Target: $62.00 New Target: $63.00 Upgrade
01/11/2017 Broker: Canaccord Genuity Rating: Old Target: $63.00 New Target: $67.00 Target Up

The stock increased 0.89% or $0.47 during the last trading session, reaching $53.38. About 308,781 shares traded or 25.07% up from the average. Laurentian Bank of Canada (TSE:LB) has 0.00% since January 20, 2017 and is . It has underperformed by 16.70% the S&P500.

Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada. The company has market cap of $2.07 billion. The firm offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and RRSP loans; 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 and leasing solutions. It has a 9.89 P/E ratio. It also provides investment products, including fixed-rate investments, indexed investments, mutual funds, systematic savings plans, retirement projection plans, registered plans, bank securities, deposit-insurance, and power-of-attorneys; short-term and long-term investment solutions; and guaranteed investment certificates, as well as offers credit insurance products.

More notable recent Laurentian Bank of Canada (TSE:LB) news were published by: Marketwired.com which released: “Laurentian Bank of Canada Announces C$125 Million Bought Deal Financing” on January 08, 2018, also Marketwired.com with their article: “Laurentian Bank of Canada Completes Common Share Offering” published on January 16, 2018, Ft.com published: “Canada’s Laurentian Bank knocked on mortgage buyback costs” on December 06, 2017. More interesting news about Laurentian Bank of Canada (TSE:LB) were released by: Marketwired.com and their article: “Laurentian Bank of Canada Announces Closing of Over-Allotment Option in …” published on January 18, 2018 as well as Business.Financialpost.com‘s news article titled: “Laurentian buys back $180M in ‘problematic’ mortgages, more repurchases to come” with publication date: January 11, 2018.

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