Laurentian Bank of Canada (TSE:LB) Price Target Lowered to C$33.00 at CSFB

Laurentian Bank of Canada (TSE:LBGet Rating) had its price objective lowered by CSFB from C$39.00 to C$33.00 in a research report released on Tuesday morning, BayStreet.CA reports.

Other research analysts have also issued reports about the company. Barclays set a C$37.00 price target on Laurentian Bank of Canada in a report on Monday, November 14th. Credit Suisse Group lowered their target price on shares of Laurentian Bank of Canada to C$33.00 in a research note on Tuesday. Scotiabank dropped their price target on shares of Laurentian Bank of Canada from C$43.00 to C$37.00 in a research report on Tuesday. National Bankshares decreased their price objective on shares of Laurentian Bank of Canada from C$51.00 to C$46.00 in a report on Friday, November 18th. Finally, TD Securities raised Laurentian Bank of Canada from a hold rating to a buy rating and set a C$41.00 target price on the stock in a report on Tuesday, November 15th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Laurentian Bank of Canada has an average rating of Hold and an average target price of C$40.40.

Laurentian Bank of Canada Trading Down 0.5 %

TSE LB opened at C$33.01 on Tuesday. The company has a 50-day moving average price of C$30.95 and a two-hundred day moving average price of C$36.56. Laurentian Bank of Canada has a 52 week low of C$28.23 and a 52 week high of C$45.29. The stock has a market cap of C$1.43 billion and a price-to-earnings ratio of 25.59.

Laurentian Bank of Canada (TSE:LBGet Rating) last issued its quarterly earnings data on Wednesday, August 31st. The company reported C$1.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$1.24. The business had revenue of C$259.95 million during the quarter, compared to the consensus estimate of C$265.09 million. As a group, equities research analysts expect that Laurentian Bank of Canada will post 5.0400001 earnings per share for the current fiscal year.

Laurentian Bank of Canada Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Tuesday, November 1st were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date was Thursday, September 29th. Laurentian Bank of Canada’s payout ratio is 137.98%.

Insiders Place Their Bets

In related news, Director Nicholas Zelenczuk acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, September 13th. The stock was bought at an average price of C$33.79 per share, for a total transaction of C$33,789.50. Following the transaction, the director now owns 4,000 shares of the company’s stock, valued at C$135,158.

Laurentian Bank of Canada Company Profile

(Get Rating)

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The company offers notice, demand, and term deposits; commercial, residential mortgage, and personal loans; real estate, and equipment and inventory financing; and credit life and disability insurance products.

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Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

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