Canadian Laurentian Bank Receives Cautious 'Reduce' Ratings from Analysts

Canadian lender Laurentian Bank (TSE:LB) receives a consensus "Reduce" rating from financial analysts, with three recommending selling and five suggesting holding the stock. The average forecast price for the next year is approximately C$29.57. Recent analyst updates include Scotiabank raising their target to C$32.00 with a "sector perform" rating, while Desjardins lowered their target to C$29.00 and issued a "sell" recommendation. National Bankshares increased their target to C$28.00 with an "underperform" rating, and Raymond James set a target at C$28.00 with a "market perform" rating. Jefferies adjusted their target downward to C$27.00. The stock opened at C$30.51, with a market capitalization of C$1.34 billion. It trades with a negative P/E ratio of -243.34, a price-to-earnings-growth ratio of 0.76, and a beta of 1.25. Over the past year, its lowest price was C$24.37, and the highest reached C$31.74. Laurentian Bank offers personal, business, and commercial financial services across Canada and the U.S., organized into three segments: personal banking, business services, and capital markets. Despite the current cautious outlook, the bank remains a significant player in the Nor...