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Laurentian Bank of Canada (TSE:LB) Given Consensus Recommendation of "Reduce" by Brokerages

Laurentian Bank of Canada logo with Financial Services background

Laurentian Bank of Canada (TSE:LB - Get Free Report) has earned an average recommendation of "Reduce" from the eight analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$28.00.

A number of analysts have commented on the company. Scotiabank lowered their price target 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 report on Thursday, February 20th. Raymond James decreased their target price on Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, March 3rd. National Bankshares increased 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. BMO Capital Markets decreased their price objective on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a research note on Monday, March 3rd. Finally, Jefferies Financial Group increased their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a "hold" rating in a research note on Monday, December 9th.

Check Out Our Latest Analysis on LB

Laurentian Bank of Canada Price Performance

TSE LB traded down C$0.58 during trading on Tuesday, hitting C$25.61. The company's stock had a trading volume of 380,947 shares, compared to its average volume of 198,081. Laurentian Bank of Canada has a fifty-two week low of C$24.45 and a fifty-two week high of C$31.74. The company has a market cap of C$1.13 billion, a PE ratio of -204.26, a P/E/G ratio of 0.76 and a beta of 1.25. The business's 50 day simple moving average is C$27.30 and its 200-day simple moving average is C$27.78.

Laurentian Bank of Canada Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, May 1st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date of this dividend is Tuesday, April 1st. Laurentian Bank of Canada's dividend payout ratio (DPR) is presently -1,499.45%.

About Laurentian Bank of Canada

(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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Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

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