Laurentian Bank of Canada (TSE:LB) Price Target Raised to C$33.00
A number of other equities research analysts have also weighed in on LB. BMO Capital Markets lowered their target price on Laurentian Bank of Canada from C$31.00 to C$30.00 in a research note on Monday, March 3rd. National Bankshares boosted their price objective 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. Scotiabank boosted their price objective on Laurentian Bank of Canada from C$28.00 to C$32.00 and gave the company a “sector perform” rating in a research report on Tuesday. 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, Raymond James upped their price target on shares of 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. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$29.57.
Get Our Latest Stock Analysis on Laurentian Bank of Canada
Laurentian Bank of Canada stock opened at C$29.89 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 firm has a fifty day simple moving average of C$27.37 and a two-hundred day simple moving average of C$27.96. The company has a market capitalization of C$1.32 billion, a PE ratio of -238.40, a P/E/G ratio of 0.76 and a beta of 1.25.
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, May 1st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.88 annualized dividend and a dividend yield of 6.29%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently -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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