Raymond James Raises Laurentian Bank of Canada (TSE:LB) Price Target to C$27.00

Laurentian Bank of Canada (TSE:LB) had its price objective boosted by Raymond James from C$26.00 to C$27.00 in a report released on Wednesday, BayStreet.CA reports. Raymond James also issued estimates for Laurentian Bank of Canada’s Q4 2024 earnings at $0.95 EPS, FY2024 earnings at $3.63 EPS, Q1 2025 earnings at $0.84 EPS, Q2 2025 earnings at $1.01 EPS, Q3 2025 earnings at $0.96 EPS, Q4 2025 earnings at $1.04 EPS and FY2025 earnings at $3.84 EPS.

Several other brokerages also recently commented on LB. Cibc World Mkts upgraded shares of Laurentian Bank of Canada to a hold rating in a research report on Wednesday, August 21st. National Bankshares dropped their price objective on Laurentian Bank of Canada from C$27.00 to C$26.00 and set an underperform rating for the company in a research report on Monday, June 3rd. Jefferies Financial Group reduced their price objective on Laurentian Bank of Canada from C$28.00 to C$26.00 and set a hold rating on the stock in a research note on Thursday, June 6th. Desjardins boosted their target price on Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the stock a sell rating in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada dropped their target price on shares of Laurentian Bank of Canada from C$26.00 to C$25.00 and set an underperform rating for the company in a report on Monday, June 3rd. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and an average price target of C$27.42.

Laurentian Bank of Canada Trading Down 1.7 %

Shares of TSE:LB opened at C$26.11 on Wednesday. The firm has a 50 day moving average of C$26.28 and a 200-day moving average of C$26.59. Laurentian Bank of Canada has a 12 month low of C$24.45 and a 12 month high of C$37.53. The stock has a market capitalization of C$1.14 billion, a PE ratio of -93.25, a PEG ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 1st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 7.20%. The ex-dividend date of this dividend is Tuesday, October 1st. Laurentian Bank of Canada’s dividend payout ratio (DPR) is currently -671.43%.

About Laurentian Bank of Canada

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.