Laurentian Bank of Canada (TSE:LB) Receives C$27.01 Consensus Target Price from Analysts

Laurentian Bank of Canada (TSE:LB - Get Free Report) has been given a consensus rating of "Reduce" by the eleven research firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$27.01.

LB has been the topic of a number of research analyst reports. Cibc World Mkts raised Laurentian Bank of Canada to a "hold" rating in a research note on Wednesday, August 21st. Desjardins raised their price target on Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the stock a "sell" rating in a research note on Tuesday, August 6th. Raymond James raised their price target on Laurentian Bank of Canada from C$26.00 to C$27.00 in a research note on Wednesday, September 4th. Finally, CIBC decreased their price target on Laurentian Bank of Canada from C$30.00 to C$28.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 20th.

Laurentian Bank of Canada Trading Up 0.7 %

Shares of LB stock traded up C$0.17 during mid-day trading on Friday, reaching C$26.25. The stock had a trading volume of 150,502 shares, compared to its average volume of 227,846. Laurentian Bank of Canada has a 12-month low of C$24.45 and a 12-month high of C$29.49. The company has a market cap of C$1.15 billion, a P/E ratio of -42.34, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The business has a 50-day simple moving average of C$26.72 and a 200 day simple moving average of C$26.39.

Laurentian Bank of Canada (TSE:LB - Get Free Report) last posted its quarterly earnings data on Friday, August 30th. The company reported C$0.88 EPS for the quarter, beating analysts' consensus estimates of C$0.85 by C$0.03. The business had revenue of C$256.50 million for the quarter, compared to analyst estimates of C$257.90 million. Laurentian Bank of Canada had a negative return on equity of 0.55% and a negative net margin of 1.64%. Research analysts anticipate that Laurentian Bank of Canada will post 3.8414986 EPS for the current year.

Laurentian Bank of Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.88 annualized dividend and a yield of 7.16%. Laurentian Bank of Canada's dividend payout ratio is presently -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.