What is Cormark's Forecast for TSE:LB Q2 Earnings?
Several other research firms have also weighed in on LB. Raymond James reduced 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. CIBC dropped their target price on shares of Laurentian Bank of Canada from C$31.00 to C$29.00 in a research note on Thursday. Scotiabank reduced their target price 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 research report on Thursday, February 20th. BMO Capital Markets decreased their price target on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a research note on Monday, March 3rd. Finally, National Bankshares dropped their price objective on Laurentian Bank of Canada from C$27.00 to C$25.00 and set an “underperform” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$27.13.
View Our Latest Stock Report on LB
Shares of Laurentian Bank of Canada stock opened at C$28.17 on Friday. The firm has a market cap of C$1.24 billion, a PE ratio of -224.68, a P/E/G ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a 1 year low of C$24.37 and a 1 year high of C$31.74. The stock has a fifty day moving average price of C$26.96 and a 200-day moving average price of C$27.82.
The business 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. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date of this dividend was Tuesday, April 1st. Laurentian Bank of Canada’s 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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