Laurentian Bank of Canada (TSE:LB) Receives C$27.10 Consensus Target Price from Analysts

Shares of Laurentian Bank of Canada (TSE:LB - Get Free Report) have been assigned an average rating of "Reduce" from the ten analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$27.10.

LB has been the subject of a number of recent research reports. CIBC boosted their price objective on Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Tuesday. Raymond James boosted their target price on Laurentian Bank of Canada from C$26.00 to C$27.00 in a research note on Wednesday, September 4th. Cibc World Mkts upgraded Laurentian Bank of Canada to a "hold" rating in a research note on Wednesday, August 21st. Scotiabank boosted their target price on Laurentian Bank of Canada from C$26.00 to C$30.00 in a research note on Monday. Finally, BMO Capital Markets boosted their target price on Laurentian Bank of Canada from C$27.00 to C$28.00 in a research note on Monday, November 18th.

Laurentian Bank of Canada Price Performance

Shares of Laurentian Bank of Canada stock opened at C$29.29 on Wednesday. Laurentian Bank of Canada has a one year low of C$24.45 and a one year high of C$29.49. The firm has a market capitalization of C$1.29 billion, a price-to-earnings ratio of -47.24, a PEG ratio of 0.76 and a beta of 1.25. The business has a 50-day simple moving average of C$27.09 and a 200 day simple moving average of C$26.58.

Laurentian Bank of Canada (TSE:LB - Get Free Report) last issued its quarterly earnings data on Friday, August 30th. The company reported C$0.88 EPS for the quarter, topping analysts' consensus estimates of C$0.85 by C$0.03. The firm had revenue of C$256.50 million during the quarter, compared to analyst estimates of C$257.90 million. Laurentian Bank of Canada had a negative return on equity of 0.55% and a negative net margin of 1.64%. On average, sell-side analysts expect that Laurentian Bank of Canada will post 3.8414986 EPS for the current year.

Laurentian Bank of Canada Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.88 annualized dividend and a dividend yield of 6.42%. Laurentian Bank of Canada's 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.