Laurentian Bank of Canada (TSE:LB) Price Target Raised to C$31.00

Laurentian Bank of Canada (TSE:LB) had its price target hoisted by BMO Capital Markets from C$28.00 to C$31.00 in a research note published on Monday,BayStreet.CA reports.

A number of other equities analysts have also recently weighed in on LB. Raymond James raised their price objective on Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a “market perform” rating in a report on Monday. CIBC lifted 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. 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 target price on shares of Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the stock a “sector perform” rating in a research report on Monday. Finally, Jefferies Financial Group boosted their price target on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research note on Monday. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, Laurentian Bank of Canada presently has an average rating of “Hold” and a consensus target price of C$28.67.

Laurentian Bank of Canada Stock Down 0.1 %

LB opened at C$30.36 on Monday. The business’s fifty day simple moving average is C$27.63 and its 200 day simple moving average is C$26.79. Laurentian Bank of Canada has a 52 week low of C$24.45 and a 52 week high of C$31.74. The stock has a market cap of C$1.33 billion, a PE ratio of -48.97, a P/E/G ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Friday, January 3rd will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.19%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently -303.23%.

Laurentian Bank of Canada Company Profile

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.