Laurentian Bank Of Canada (TSE:LB) Has Just Had Its Target Price per Share Cut by Equity Research Analysts at Scotia Capital to $54.00

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Analysis: Laurentian Bank Of Canada (TSE:LB) Target Raised Today

In analysts report sent to clients and investors by Scotia Capital on Friday morning, the firm, Laurentian Bank Of Canada (TSE:LB), had their PT downgraded to $54.00. Analusts right now have a solid Sector Perform rating on the stock.

The stock decreased 2.91% or $1.47 on December 18, striking $49.03. Approximately 448,451 shares of stock traded hands or 825.84% up from the average. Laurentian Bank of Canada (TSE:LB) has risen 1.43% since May 18, 2015 and is uptrending. It has outperformed by 5.24% the S&P500.

Laurentian Bank Of Canada (TSE:LB) Has Just Had Its Target Price per Share Cut by Equity Research Analysts at Scotia Capital to $54.00

The overall sentiment of institutions has increased to 1.14 in Q2 2015. Its up 0.19, from 0.95 in 2015Q2. The ratio is positive, as 55 institutions have sold all the shares of Laurentian Bank of Canada that they owned while 151 funds have taken shares off the table. 53 funds have purchased shares for the first time while 181 added to their positions. These institutions now hold 214.77 million shares or 0.33% more than the 214.06 million shares they owned in 2015Q2.

The Fund Abrams Bison Investments Llc currently is holding shares equating to 26.22% of its total portfolio in Laurentian Bank of Canada representing a total of 2.65 million shares. Another fund,Alecta Pensionsforsakring Omsesidigt, is holding a total of 8.74 million shares equating to 9.43% of their holdings. Additionally, Lansdowne Partners (Uk) Llp has a 11.45 million share stake in Laurentian Bank of Canada which represents 8.7% of their total portfolio. The Fund, Cam Group Holding A S, based out of Denmark, has also built up a stake in the stock, which represents a total of 5.78% of their total portfolio. Finally Disciplined Growth Investors Inc Mn, a fund which is based in the state of Minnesota reported a total holdings of 1.55 million shares.

Laurentian Bank of Canada is a banking institution whose activities extend across Canada. The company has a market cap of $1.43 billion. The Firm has four divisions, which are the retail and sme-quebec segment, the real estate and commercial segment, the b2b bank segment and Laurentian bank securities and capital markets segment. It has 15.29 P/E ratio. The retail segment provides savings, investment and financing products, and transactional services and products.

According to Zacks Investment Research, “L Brands, Inc. operates as a retailer of women’s intimate and other apparel, beauty and personal care products and accessories primarily in the United States. Its brand includes Victoria’s Secret, Victoria’s Secret Pink, Bath & Body Works, La Senza and Henri Bendel. The company sells its product through franchise, license, wholesale partners, websites, catalogue, and other channels. L Brands Inc., formerly known as Limited Brands Inc., is headquartered in Columbus, Ohio.”

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