Analysts Set Laurentian Bank of Canada (TSE:LB) Target Price at C$28.00

Laurentian Bank of Canada (TSE:LB) has earned a consensus recommendation of “Reduce” from the eight brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$28.00.

A number of research analysts have recently issued reports on LB shares. National Bankshares boosted their price target 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. Jefferies Financial Group boosted their price objective on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “hold” rating in a report on Monday, December 9th. BMO Capital Markets decreased their price objective on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a research note on Monday, March 3rd. Raymond James lowered their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday, March 3rd. Finally, Scotiabank lowered their price objective on Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 20th.

Laurentian Bank of Canada Trading Down 0.8 %

LB opened at C$26.30 on Friday. The company’s 50 day moving average is C$28.00 and its 200-day moving average is C$27.73. The company has a market cap of C$1.16 billion, a P/E ratio of -209.76, a PEG ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a 1-year low of C$24.45 and a 1-year high of C$31.74.

Laurentian Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 15th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date is Friday, March 7th. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently -1,499.45%.

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.