Laurentian Bank of Canada (TSE:LB - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as C$24.37 and last traded at C$24.68, with a volume of 80347 shares traded. The stock had previously closed at C$25.61.
Analyst Upgrades and Downgrades
LB has been the topic of a number of recent analyst reports. Scotiabank dropped their price target on shares of Laurentian Bank of Canada from C$33.00 to C$28.00 and set a "sector perform" rating on the stock in a report on Thursday, February 20th. Raymond James cut their target price on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday, March 3rd. Finally, BMO Capital Markets lowered their price target on Laurentian Bank of Canada from C$31.00 to C$30.00 in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of C$28.00.
Check Out Our Latest Stock Report on Laurentian Bank of Canada
Laurentian Bank of Canada Stock Performance
The company has a market capitalization of C$1.15 billion, a P/E ratio of -209.13, a PEG ratio of 0.76 and a beta of 1.25. The stock has a fifty day moving average of C$26.97 and a 200 day moving average of C$27.70.
Laurentian Bank of Canada Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, May 1st will be given a dividend of $0.47 per share. The ex-dividend date is Tuesday, April 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.17%. Laurentian Bank of Canada's payout ratio is currently -1,499.45%.
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.
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