Laurentian Bank of Canada (TSE:LB - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$26.39 and traded as high as C$26.44. Laurentian Bank of Canada shares last traded at C$26.08, with a volume of 224,114 shares changing hands.
Analyst Ratings Changes
LB has been the topic of a number of recent analyst reports. Raymond James raised their price target on Laurentian Bank of Canada from C$26.00 to C$27.00 in a report on Wednesday, September 4th. Desjardins raised their price target on Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the company a "sell" rating in a report on Tuesday, August 6th. Cibc World Mkts upgraded Laurentian Bank of Canada to a "hold" rating in a research report on Wednesday, August 21st. Finally, CIBC cut their price objective on Laurentian Bank of Canada from C$30.00 to C$28.00 and set a "neutral" rating for the company in a research report on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of C$27.01.
Check Out Our Latest Analysis on LB
Laurentian Bank of Canada Trading Up 0.7 %
The business's 50 day moving average is C$26.72 and its 200 day moving average is C$26.39. The stock has a market capitalization of C$1.15 billion, a PE ratio of -42.34, a PEG ratio of 0.76 and a beta of 1.25.
Laurentian Bank of Canada (TSE:LB - Get Free Report) last announced its quarterly earnings data on Friday, August 30th. The company reported C$0.88 earnings per share for the quarter, beating analysts' consensus estimates of C$0.85 by C$0.03. Laurentian Bank of Canada had a negative net margin of 1.64% and a negative return on equity of 0.55%. The company had revenue of C$256.50 million during the quarter, compared to analyst estimates of C$257.90 million. As a group, 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 declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, November 1st will be issued a $0.47 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $1.88 annualized dividend and a dividend yield of 7.16%. Laurentian Bank of Canada's dividend payout ratio is currently -303.23%.
About Laurentian Bank of Canada
(
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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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