Equities Analysts Set Expectations for Laurentian Bank of Canada’s Q2 2020 Earnings (TSE:LB)

Equities Analysts Set Expectations for Laurentian Bank of Canada’s Q2 2020 Earnings (TSE:LB)

Laurentian Bank of Canada (TSE:LB) – Research analysts at Desjardins issued their Q2 2020 EPS estimates for shares of Laurentian Bank of Canada in a note issued to investors on Wednesday, December 4th, according to Zacks Investment Research. Desjardins analyst D. Young anticipates that the company will post earnings of $1.07 per share for the quarter. Desjardins also issued estimates for Laurentian Bank of Canada’s FY2021 earnings at $4.70 EPS.

A number of other equities analysts have also commented on the stock. Canaccord Genuity cut their price objective on shares of Laurentian Bank of Canada from C$36.00 to C$35.00 in a research report on Thursday, December 5th. Scotiabank lowered their target price on shares of Laurentian Bank of Canada from C$42.00 to C$41.00 in a research note on Thursday, December 5th. Finally, National Bank Financial lowered their target price on shares of Laurentian Bank of Canada from C$40.00 to C$38.00 and set an “underperform” rating on the stock in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of C$43.22.

Shares of LB stock traded up C$0.02 during trading hours on Friday, reaching C$45.72. The stock had a trading volume of 296,300 shares, compared to its average volume of 242,604. The stock’s fifty day simple moving average is C$45.45 and its 200 day simple moving average is C$45.11. Laurentian Bank of Canada has a 12 month low of C$37.64 and a 12 month high of C$46.99. The firm has a market capitalization of $1.94 billion and a PE ratio of 12.13.

Laurentian Bank of Canada (TSE:LB) last released its quarterly earnings data on Wednesday, December 4th. The company reported C$1.05 EPS for the quarter, missing analysts’ consensus estimates of C$1.17 by C($0.12). The firm had revenue of C$241.64 million for the quarter, compared to the consensus estimate of C$250.40 million.

About Laurentian Bank of Canada

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.

Share:
Scroll Up
error: Content is protected !!