Brokerages Set Laurentian Bank of Canada (TSE:LB) Target Price at C$28.67

Shares of Laurentian Bank of Canada (TSE:LB) have been assigned a consensus rating of “Reduce” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$28.67.

Several equities analysts have commented on LB shares. Raymond James increased their target price on shares of Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the stock a “market perform” rating in a research report on Monday, December 9th. Jefferies Financial Group increased their target price 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 report on Monday, December 9th. Scotiabank increased 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, December 9th. National Bankshares increased their target price on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an “underperform” rating in a research report on Monday, December 9th. Finally, BMO Capital Markets increased their target price on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Monday, December 9th.

Laurentian Bank of Canada Trading Down 0.1 %

TSE LB opened at C$27.76 on Monday. Laurentian Bank of Canada has a 1-year low of C$24.45 and a 1-year high of C$31.74. The company has a market capitalization of C$1.22 billion, a PE ratio of -221.41, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The firm’s fifty day simple moving average is C$28.74 and its 200-day simple moving average is C$27.59.

Laurentian Bank of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Shareholders of record on Friday, January 3rd were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date was Friday, January 3rd. Laurentian Bank of Canada’s dividend payout ratio is -1,499.45%.

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.