Analysts Set Laurentian Bank of Canada (TSE:LB) Target Price at C$28.67

Shares of Laurentian Bank of Canada (TSE:LB - Get Free Report) have been assigned an average recommendation of "Reduce" from the eight ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$28.67.

A number of equities research analysts have commented on LB shares. BMO Capital Markets upped their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Monday, December 9th. CIBC boosted their price objective on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Tuesday, November 26th. National Bankshares boosted their price objective on Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the company an "underperform" rating in a research note on Monday, December 9th. Raymond James boosted their price objective on Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a "market perform" rating in a research note on Monday, December 9th. Finally, Jefferies Financial Group boosted their price objective on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the company a "hold" rating in a research note on Monday, December 9th.

Laurentian Bank of Canada Stock Up 0.5 %

Shares of TSE LB traded up C$0.13 during trading on Monday, reaching C$27.79. The company had a trading volume of 121,700 shares, compared to its average volume of 186,492. The company's fifty day moving average price is C$28.76 and its 200-day moving average price is C$27.58. Laurentian Bank of Canada has a 12 month low of C$24.45 and a 12 month high of C$31.74. The stock has a market cap of C$1.22 billion, a P/E ratio of -221.65, a PEG ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, February 1st. Stockholders of record on Friday, January 3rd were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.77%. The ex-dividend date was Friday, January 3rd. Laurentian Bank of Canada's dividend payout ratio (DPR) is presently -1,499.45%.

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.