Laurentian Bank of Canada (TSE:LB - Free Report) had its price target trimmed by Jefferies Financial Group from C$29.00 to C$27.00 in a research note issued to investors on Monday,BayStreet.CA reports.
LB has been the subject of several other reports. Scotiabank lowered their price objective on Laurentian Bank of Canada from C$33.00 to C$28.00 and set a "sector perform" rating for the company in a research note on Thursday, February 20th. Raymond James lowered their price target on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, March 3rd. Finally, BMO Capital Markets cut their target price on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a research report on Monday, March 3rd. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of C$27.63.
Check Out Our Latest Research Report on Laurentian Bank of Canada
Laurentian Bank of Canada Stock Down 0.3 %
LB stock traded down C$0.08 during midday trading on Monday, reaching C$26.82. 14,570 shares of the company's stock traded hands, compared to its average volume of 199,034. The firm's fifty day moving average price is C$26.80 and its 200-day moving average price is C$27.69. Laurentian Bank of Canada has a 52 week low of C$24.37 and a 52 week high of C$31.74. The company has a market cap of C$1.18 billion, a price-to-earnings ratio of -213.91, a P/E/G ratio of 0.76 and a beta of 1.25.
Laurentian Bank of Canada Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, May 1st will be issued a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.88 annualized dividend and a dividend yield of 7.01%. Laurentian Bank of Canada's payout ratio is currently -1,499.45%.
Laurentian Bank of Canada Company Profile
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Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients.
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