Laurentian Bank of Canada (TSE:LB) Price Target Raised to C$28.00 at BMO Capital Markets

Laurentian Bank of Canada (TSE:LB) had its price objective boosted by BMO Capital Markets from C$27.00 to C$28.00 in a research report report published on Monday,BayStreet.CA reports.

Other research analysts have also issued research reports about the stock. CIBC dropped their price target on shares of Laurentian Bank of Canada from C$30.00 to C$28.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Desjardins raised 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 report on Tuesday, August 6th. Raymond James boosted their price target on Laurentian Bank of Canada from C$26.00 to C$27.00 in a research note on Wednesday, September 4th. Finally, Cibc World Mkts upgraded Laurentian Bank of Canada to a “hold” rating in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, Laurentian Bank of Canada presently has a consensus rating of “Hold” and an average price target of C$26.55.

Laurentian Bank of Canada Trading Down 0.3 %

Shares of LB stock opened at C$28.32 on Monday. Laurentian Bank of Canada has a 12 month low of C$24.45 and a 12 month high of C$29.49. The company has a market capitalization of C$1.24 billion, a P/E ratio of -45.68, a P/E/G ratio of 0.76 and a beta of 1.25. The stock has a 50 day moving average of C$26.87 and a two-hundred day moving average of C$26.49.

Laurentian Bank of Canada (TSE:LB) last posted its quarterly earnings results on Friday, August 30th. The company reported C$0.88 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.85 by C$0.03. Laurentian Bank of Canada had a negative net margin of 1.64% and a negative return on equity of 0.55%. The firm had revenue of C$256.50 million for the quarter, compared to the consensus estimate of C$257.90 million. Sell-side analysts predict that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current fiscal year.

Laurentian Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.64%. Laurentian Bank of Canada’s payout ratio is -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.