Laurentian Bank of Canada (TSE:LB) Receives Average Rating of “Reduce” from Analysts

Shares of Laurentian Bank of Canada (TSE:LBGet Free Report) have been given an average recommendation of “Reduce” by the fourteen analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$28.70.

Several research analysts recently weighed in on the stock. Cormark reduced their price objective on shares of Laurentian Bank of Canada from C$28.00 to C$26.00 in a research note on Friday, March 1st. Jefferies Financial Group cut their price objective on shares of Laurentian Bank of Canada from C$25.00 to C$24.00 and set a “hold” rating on the stock in a research report on Friday, March 1st. Raymond James decreased their price objective on Laurentian Bank of Canada from C$32.00 to C$27.00 and set a “market perform” rating for the company in a report on Friday, March 1st. Desjardins downgraded shares of Laurentian Bank of Canada from a “hold” rating to a “sell” rating and decreased their target price for the company from C$27.00 to C$26.00 in a research report on Wednesday, February 7th. Finally, National Bankshares dropped their target price on Laurentian Bank of Canada from C$28.00 to C$27.00 and set an “underperform” rating on the stock in a report on Friday, March 1st.

View Our Latest Research Report on LB

Laurentian Bank of Canada Stock Up 1.1 %

Shares of TSE LB opened at C$26.96 on Friday. Laurentian Bank of Canada has a 12-month low of C$24.92 and a 12-month high of C$48.23. The firm’s 50-day simple moving average is C$27.03 and its 200 day simple moving average is C$26.62. The company has a market cap of C$1.18 billion, a price-to-earnings ratio of 7.59, a price-to-earnings-growth ratio of 0.76 and a beta of 1.27.

Laurentian Bank of Canada (TSE:LBGet Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported C$0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.93 by C($0.02). Laurentian Bank of Canada had a net margin of 17.33% and a return on equity of 5.84%. The firm had revenue of C$258.34 million during the quarter, compared to the consensus estimate of C$257.80 million. On average, equities analysts expect that Laurentian Bank of Canada will post 3.8502203 earnings per share for the current year.

Laurentian Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, May 1st were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.88 annualized dividend and a yield of 6.97%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is currently 52.96%.

Laurentian Bank of Canada Company Profile

(Get Free Report

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.

See Also

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

Receive News & Ratings for Laurentian Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laurentian Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.