CIBC Issues Positive Forecast for Laurentian Bank of Canada (TSE:LB) Stock Price
Other equities analysts also recently issued reports about the company. National Bankshares upped their target price on Laurentian Bank of Canada from C$25.00 to C$28.00 and gave the company an “underperform” rating in a research report on Tuesday. Raymond James increased their price objective on Laurentian Bank of Canada from C$27.00 to C$28.00 and gave the company a “market perform” rating in a report on Tuesday. Jefferies Financial Group dropped their target price on Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday, April 21st. BMO Capital Markets reduced their price target on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a research report on Monday, March 3rd. Finally, Scotiabank lifted their price objective on shares of Laurentian Bank of Canada from C$28.00 to C$32.00 and gave the company a “sector perform” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$29.57.
View Our Latest Report on Laurentian Bank of Canada
TSE:LB opened at C$30.14 on Tuesday. Laurentian Bank of Canada has a twelve month low of C$24.37 and a twelve month high of C$31.74. The company has a market cap of C$1.33 billion, a PE ratio of -240.39, a P/E/G ratio of 0.76 and a beta of 1.25. The company’s 50 day moving average is C$27.26 and its two-hundred day moving average is C$27.93.
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, May 1st were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.88 annualized dividend and a dividend yield of 6.24%. Laurentian Bank of Canada’s dividend payout ratio is currently -1,499.45%.
Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients.
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