National Bankshares Cuts Laurentian Bank of Canada (TSE:LB) Price Target to C$25.00
Several other brokerages have also recently weighed in on LB. Raymond James dropped their price target on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday, March 3rd. BMO Capital Markets decreased their price objective on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a report on Monday, March 3rd. Scotiabank decreased their price objective on shares of Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating for the company in a report on Thursday, February 20th. Finally, Jefferies Financial Group decreased their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, April 21st. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, Laurentian Bank of Canada has a consensus rating of “Hold” and a consensus price target of C$27.13.
Get Our Latest Stock Report on Laurentian Bank of Canada
Shares of LB opened at C$28.17 on Thursday. The stock has a market capitalization of C$1.24 billion, a P/E ratio of -224.68, a PEG ratio of 0.76 and a beta of 1.25. The firm has a fifty day simple moving average of C$26.96 and a two-hundred day simple moving average of C$27.82. Laurentian Bank of Canada has a twelve month low of C$24.37 and a twelve month high of C$31.74.
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, May 1st were paid 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 6.67%. 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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