Laurentian Bank of Canada (TSE:LB) Price Target Raised to C$32.00 at Scotiabank
Several other research firms have also recently commented on LB. BMO Capital Markets lowered their price target on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a report on Monday, March 3rd. CIBC lowered their price target on shares of Laurentian Bank of Canada from C$31.00 to C$29.00 in a report on Thursday, May 22nd. Raymond James lowered their price target on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, March 3rd. Jefferies Financial Group lowered their price target on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, April 21st. Finally, National Bankshares lowered their price target on shares of Laurentian Bank of Canada from C$27.00 to C$25.00 and set an “underperform” rating for the company in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$29.57.
Shares of Laurentian Bank of Canada stock opened at C$30.14 on Tuesday. The business has a 50-day moving average of C$27.26 and a 200 day moving average of C$27.93. Laurentian Bank of Canada has a 12 month low of C$24.37 and a 12 month high of C$31.74. The stock has a market capitalization of C$1.33 billion, a price-to-earnings ratio of -240.39, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25.
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. This represents a $1.88 annualized dividend and a dividend yield of 6.24%. The ex-dividend date was Tuesday, April 1st. Laurentian Bank of Canada’s payout ratio is -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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