Laurentian Bank of Canada (TSE:LB) Receives Consensus Rating of “Reduce” from Analysts

Laurentian Bank of Canada (TSE:LBGet Free Report) has earned an average recommendation of “Reduce” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$27.10.

A number of equities analysts have recently weighed in on the stock. Cibc World Mkts raised shares of Laurentian Bank of Canada to a “hold” rating in a research note on Wednesday, August 21st. Scotiabank lifted their price target on Laurentian Bank of Canada from C$26.00 to C$30.00 in a report on Monday, November 25th. Desjardins increased their price objective on Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. BMO Capital Markets lifted their target price on shares of Laurentian Bank of Canada from C$27.00 to C$28.00 in a research note on Monday, November 18th. Finally, CIBC increased their price target on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Tuesday, November 26th.

Get Our Latest Stock Report on Laurentian Bank of Canada

Laurentian Bank of Canada Stock Performance

LB stock opened at C$29.57 on Wednesday. The stock has a market cap of C$1.30 billion, a P/E ratio of -47.71, a P/E/G ratio of 0.76 and a beta of 1.25. The firm has a 50 day simple moving average of C$27.31 and a 200 day simple moving average of C$26.68. Laurentian Bank of Canada has a 52 week low of C$24.45 and a 52 week high of C$29.88.

Laurentian Bank of Canada Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date was Tuesday, October 1st. Laurentian Bank of Canada’s dividend payout ratio is -303.23%.

Laurentian Bank of Canada Company Profile

(Get Free Report

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.

See Also

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

Receive News & Ratings for Laurentian Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laurentian Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.