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

Laurentian Bank of Canada (TSE:LBFree Report) 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.

View Our Latest Stock Report on Laurentian Bank of Canada

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

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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.

Further Reading

Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

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