Laurentian Bank of Canada (TSE:LB) Price Target Raised to C$30.00 at Jefferies Financial Group

Laurentian Bank of Canada (TSE:LB) had its target price increased by Jefferies Financial Group from C$29.00 to C$30.00 in a research note published on Monday morning,BayStreet.CA reports. The firm currently has a hold rating on the stock.

LB has been the subject of a number of other research reports. Scotiabank raised their price objective on shares of Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the company a “sector perform” rating in a report on Monday. BMO Capital Markets raised their price target on shares of Laurentian Bank of Canada from C$27.00 to C$28.00 in a report on Monday, November 18th. CIBC raised their price objective on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Tuesday, November 26th. Cibc World Mkts raised shares of Laurentian Bank of Canada to a “hold” rating in a research report on Wednesday, August 21st. Finally, National Bankshares raised their price objective on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an “underperform” rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$28.67.

Laurentian Bank of Canada Price Performance

The company has a market capitalization of C$1.31 billion, a PE ratio of -48.34, a P/E/G ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a fifty-two week low of C$24.45 and a fifty-two week high of C$31.74. The business has a 50 day moving average of C$27.50 and a 200-day moving average of C$26.75.

Laurentian Bank of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Friday, January 3rd will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of ∞. Laurentian Bank of Canada’s dividend payout ratio is currently -303.23%.

Laurentian Bank of Canada Company Profile

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.