Laurentian Bank of Canada (TSE:LB - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$27.50 and traded as high as C$28.46. Laurentian Bank of Canada shares last traded at C$28.00, with a volume of 343,030 shares changing hands.
Analyst Ratings Changes
LB has been the subject of a number of analyst reports. BMO Capital Markets boosted their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Monday, December 9th. Raymond James lifted 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 note on Monday, December 9th. National Bankshares lifted their price target on Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the company an "underperform" rating in a research note on Monday, December 9th. Jefferies Financial Group upped their price objective on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. Finally, CIBC raised their price objective on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Tuesday, November 26th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of C$28.67.
Check Out Our Latest Report on Laurentian Bank of Canada
Laurentian Bank of Canada Stock Performance
The firm has a market cap of C$1.22 billion, a price-to-earnings ratio of -44.71, a PEG ratio of 0.76 and a beta of 1.25. The business has a fifty day simple moving average of C$29.02 and a 200-day simple moving average of C$27.51.
Laurentian Bank of Canada Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Saturday, February 1st. Stockholders of record on Friday, January 3rd were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.78%. The ex-dividend date was Friday, January 3rd. Laurentian Bank of Canada's dividend payout ratio is currently -303.23%.
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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