Laurentian Bank of Canada (TSE:LB) Receives Average Rating of "Reduce" from Analysts

Laurentian Bank of Canada (TSE:LB - Get Free Report) has earned an average rating of "Reduce" from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$28.67.

Several research firms have recently issued reports on LB. Raymond James increased their target price on shares of Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the stock a "market perform" rating in a research note on Monday, December 9th. BMO Capital Markets increased their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Monday, December 9th. 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 report on Monday, December 9th. Scotiabank lifted their price target 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 research note on Monday, December 9th. Finally, National Bankshares boosted their price target on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an "underperform" rating in a report on Monday, December 9th.

Laurentian Bank of Canada Price Performance

TSE:LB traded down C$0.01 during mid-day trading on Thursday, hitting C$29.17. The company's stock had a trading volume of 267,773 shares, compared to its average volume of 186,448. The business's fifty day moving average is C$28.81 and its two-hundred day moving average is C$27.30. The stock has a market cap of C$1.28 billion, a price-to-earnings ratio of -47.05, a PEG ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a 1 year low of C$24.45 and a 1 year high of C$31.74.

Laurentian Bank of Canada Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Friday, January 3rd will be given a $0.47 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.88 annualized dividend and a yield of 6.44%. Laurentian Bank of Canada's payout ratio is -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.