Cormark Has Negative Forecast for TSE:LB FY2025 Earnings
A number of other equities analysts have also commented on LB. National Bankshares raised their price target on shares of Laurentian Bank of Canada from C$25.00 to C$28.00 and gave the stock an “underperform” rating in a research report on Tuesday. BMO Capital Markets lowered their price objective on Laurentian Bank of Canada from C$31.00 to C$30.00 in a research note on Monday, March 3rd. Desjardins lifted their price objective on Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a “sell” rating in a report on Tuesday. CIBC upped their target price on Laurentian Bank of Canada from C$28.00 to C$33.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Raymond James raised their price target on Laurentian Bank of Canada from C$27.00 to C$28.00 and gave the stock a “market perform” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$29.57.
Get Our Latest Stock Report on Laurentian Bank of Canada
Laurentian Bank of Canada stock opened at C$30.02 on Tuesday. The company has a market capitalization of C$1.32 billion, a price-to-earnings ratio of -239.43, a PEG ratio of 0.76 and a beta of 1.25. The stock’s 50 day moving average is C$27.31 and its 200-day moving average is C$27.94. Laurentian Bank of Canada has a 12 month low of C$24.37 and a 12 month high of C$31.74.
The business also recently announced 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 was Tuesday, April 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.26%. Laurentian Bank of Canada’s dividend payout ratio (DPR) 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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