Laurentian Bank of Canada (TSE:LB) Shares Pass Above 200-Day Moving Average - Time to Sell?

Laurentian Bank of Canada (TSE:LB - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$27.28 and traded as high as C$29.69. Laurentian Bank of Canada shares last traded at C$29.18, with a volume of 274,410 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LB. National Bankshares increased their price target on 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 lifted their target price on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Monday, December 9th. CIBC increased 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. Raymond James raised their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a "market perform" rating in a research report on Monday, December 9th. Finally, Scotiabank boosted their target price on Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the stock a "sector perform" rating in a research report on Monday, December 9th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of C$28.67.

Laurentian Bank of Canada Stock Down 0.0 %

The business's fifty day moving average price is C$28.81 and its 200 day moving average price is C$27.30. The firm has a market capitalization of C$1.28 billion, a PE ratio of -47.05, a P/E/G ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Friday, January 3rd will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.44%. The ex-dividend date is Friday, January 3rd. 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.