CIBC Sticks to Its Hold Rating for Laurentian Bank (LRCDF)
In a report released today, Paul Holden from CIBC maintained a Hold rating on Laurentian Bank, with a price target of C$35.00. The company’s shares opened today at $22.22.
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Holden covers the Financial sector, focusing on stocks such as Royal Bank Of Canada, National Bank of Canada, and Bank Of Montreal. According to TipRanks, Holden has an average return of 9.9% and a 65.33% success rate on recommended stocks.
In addition to CIBC, Laurentian Bank also received a Hold from Jefferies’s Joe Ng in a report issued on August 13. However, on August 15, National Bank maintained a Sell rating on Laurentian Bank (Other OTC: LRCDF).
Based on Laurentian Bank’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $572.76 million and a net profit of $32.33 million. In comparison, last year the company earned a revenue of $648.22 million and had a GAAP net loss of $117.55 million
