Laurentian Bank of Canada (TSE:LB - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$27.20 and traded as high as C$28.99. Laurentian Bank of Canada shares last traded at C$28.93, with a volume of 190,541 shares traded.
Analysts Set New Price Targets
Several equities analysts recently issued reports on LB shares. BMO Capital Markets lifted their price objective on Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Monday, December 9th. Scotiabank lifted their price target on Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the stock a "sector perform" rating in a research note on Monday, December 9th. CIBC increased their price objective on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Tuesday, November 26th. National Bankshares lifted their target price on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an "underperform" rating in a research report on Monday, December 9th. Finally, Raymond James increased their price target 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. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of C$28.67.
View Our Latest Research Report on Laurentian Bank of Canada
Laurentian Bank of Canada Stock Performance
The firm has a fifty day simple moving average of C$28.53 and a 200-day simple moving average of C$27.20. The company has a market capitalization of C$1.26 billion, a PE ratio of -46.31, a P/E/G ratio of 0.76 and a beta of 1.25.
Laurentian Bank of Canada Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 6.55%. The ex-dividend date is Friday, January 3rd. Laurentian Bank of Canada's dividend payout ratio is presently -303.23%.
Laurentian Bank of Canada Company Profile
(
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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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