Analysts Set Laurentian Bank of Canada (TSE:LB) PT at C$28.00

Laurentian Bank of Canada (TSE:LB - Get Free Report) has been assigned a consensus rating of "Reduce" from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$28.00.

LB has been the subject 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 for the company in a research report on Thursday, February 20th. BMO Capital Markets dropped their price objective on Laurentian Bank of Canada from C$31.00 to C$30.00 in a research note on Monday, March 3rd. National Bankshares increased their price objective on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the company an "underperform" rating in a report on Monday, December 9th. Raymond James lowered their target price on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, March 3rd. Finally, CIBC lifted their price target on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Tuesday, November 26th.

Laurentian Bank of Canada Trading Down 1.5 %

LB stock traded down C$0.41 during midday trading on Friday, hitting C$26.51. The company's stock had a trading volume of 284,009 shares, compared to its average volume of 194,586. The firm's 50-day moving average is C$28.09 and its 200-day moving average is C$27.74. Laurentian Bank of Canada has a 12 month low of C$24.45 and a 12 month high of C$31.74. The company has a market cap of C$1.17 billion, a PE ratio of -211.44, a P/E/G ratio of 0.76 and a beta of 1.25.

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Laurentian Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 15th will be given a $0.47 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.88 annualized dividend and a yield of 7.09%. Laurentian Bank of Canada's dividend payout ratio (DPR) is -1,499.45%.

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.