Laurentian Bank of Canada (TSE:LB) Price Target Cut to C$25.00 by Analysts at Royal Bank of Canada

Laurentian Bank of Canada (TSE:LBFree Report) had its price target decreased by Royal Bank of Canada from C$26.00 to C$25.00 in a research report report published on Monday morning, BayStreet.CA reports. Royal Bank of Canada currently has an underperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. National Bankshares lowered their price objective on shares of Laurentian Bank of Canada from C$28.00 to C$27.00 and set an underperform rating for the company in a research report on Friday, March 1st. CIBC lowered their target price on Laurentian Bank of Canada from C$33.00 to C$30.00 and set a neutral rating for the company in a report on Monday. Jefferies Financial Group boosted their price target on Laurentian Bank of Canada from C$24.00 to C$28.00 in a report on Monday, May 13th. Cormark cut their target price on Laurentian Bank of Canada from C$28.00 to C$26.00 in a research note on Friday, March 1st. Finally, Desjardins lowered Laurentian Bank of Canada from a hold rating to a sell rating and lowered their price target for the stock from C$27.00 to C$26.00 in a research report on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of C$28.62.

Check Out Our Latest Report on Laurentian Bank of Canada

Laurentian Bank of Canada Stock Performance

Shares of LB opened at C$25.45 on Monday. The stock has a 50 day simple moving average of C$26.70 and a 200 day simple moving average of C$26.75. Laurentian Bank of Canada has a 52-week low of C$24.81 and a 52-week high of C$48.23. The firm has a market capitalization of C$1.11 billion, a PE ratio of 7.17, a P/E/G ratio of 0.76 and a beta of 1.28.

Laurentian Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Tuesday, July 2nd will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, July 2nd. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.39%. Laurentian Bank of Canada’s payout ratio is presently 52.96%.

About Laurentian Bank of Canada

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

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