Laurentian Bank of Canada (TSE:LB) Given Consensus Rating of “Reduce” by Analysts

Laurentian Bank of Canada (TSE:LB) has earned a consensus rating of “Reduce” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$28.67.

A number of equities analysts have recently commented on LB shares. Raymond James raised their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a “market perform” rating in a research report on Monday, December 9th. 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 company a “hold” rating in a research report on Monday, December 9th. BMO Capital Markets increased their price objective on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Monday, December 9th. National Bankshares boosted their target price on 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, CIBC raised their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Tuesday, November 26th.

Laurentian Bank of Canada Stock Down 0.4 %

LB stock opened at C$29.07 on Thursday. The stock has a 50-day simple moving average of C$28.93 and a two-hundred day simple moving average of C$27.35. Laurentian Bank of Canada has a twelve month low of C$24.45 and a twelve month high of C$31.74. The firm has a market capitalization of C$1.28 billion, a PE ratio of -46.89, a PEG ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Friday, January 3rd will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.88 annualized dividend and a dividend yield of 6.47%. 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.