Laurentian Bank of Canada (LB) Given Buy Rating at Canaccord Genuity
Several other equities research analysts have also recently commented on the company. Scotiabank cut Laurentian Bank of Canada from a sector outperform rating to a sector perform rating in a research note on Friday, August 19th. Royal Bank Of Canada restated a sector perform rating and set a C$52.00 price target on shares of Laurentian Bank of Canada in a research note on Thursday, July 21st. Desjardins restated a hold rating on shares of Laurentian Bank of Canada in a research note on Wednesday, July 20th. National Bank Financial cut their price objective on Laurentian Bank of Canada from C$53.00 to C$52.00 and set a sector perform rating for the company in a research report on Thursday, September 1st. Finally, TD Securities reiterated a hold rating and issued a C$52.00 price objective on shares of Laurentian Bank of Canada in a research report on Friday, June 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of C$52.22.
Laurentian Bank of Canada (TSE:LB) opened at 49.02 on Tuesday. The firm has a market cap of $1.49 billion and a PE ratio of 14.16. Laurentian Bank of Canada has a 12 month low of $42.42 and a 12 month high of $55.82. The stock’s 50 day moving average is $48.79 and its 200 day moving average is $49.10.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Tuesday, November 1st will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend is Thursday, September 29th.
Laurentian Bank of Canada Company Profile
Laurentian Bank of Canada is a Canada-based chartered bank. The Bank, through its subsidiaries, provides banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors, and operates as a full-service brokerage firm. It operates through three business segments: Personal & Commercial, B2B Bank, and Laurentian Bank Securities & Capital Markets.
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