Shares of Laurentian Bank of Canada (TSE:LB – Get Rating) have received an average rating of “Hold” from the eleven research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$40.64.
Several research firms have recently issued reports on LB. Keefe, Bruyette & Woods lowered their price objective on Laurentian Bank of Canada from C$40.00 to C$38.00 in a research report on Friday, November 18th. BMO Capital Markets reduced their target price on Laurentian Bank of Canada from C$45.00 to C$43.00 in a report on Monday, December 12th. Credit Suisse Group boosted their target price on Laurentian Bank of Canada from C$33.00 to C$34.00 and gave the company a “sell” rating in a report on Monday, December 12th. Royal Bank of Canada boosted their target price on Laurentian Bank of Canada from C$53.00 to C$55.00 and gave the company an “outperform” rating in a report on Monday, December 12th. Finally, Scotiabank reduced their target price on Laurentian Bank of Canada from C$39.00 to C$38.00 in a report on Friday, February 17th.
Laurentian Bank of Canada Price Performance
LB opened at C$33.05 on Monday. Laurentian Bank of Canada has a 12 month low of C$28.23 and a 12 month high of C$44.58. The stock has a market capitalization of C$1.43 billion, a price-to-earnings ratio of 6.79, a PEG ratio of 0.76 and a beta of 1.15. The business has a fifty day moving average price of C$34.66 and a 200 day moving average price of C$33.23.
Laurentian Bank of Canada Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 1st. Shareholders of record on Monday, April 3rd will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend is Friday, March 31st. Laurentian Bank of Canada’s dividend payout ratio is presently 37.78%.
About Laurentian Bank of Canada
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 Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.
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