Laurentian Bank of Canada (TSE:LB) had its target price lifted by research analysts at CIBC from C$59.00 to C$61.00 in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports. CIBC’s price target indicates a potential downside of 0.72% from the stock’s current price.

A number of other research firms also recently issued reports on LB. Barclays PLC increased their price target on shares of Laurentian Bank of Canada from C$52.00 to C$56.00 in a research note on Monday. BMO Capital Markets increased their price target on shares of Laurentian Bank of Canada from C$52.00 to C$56.00 in a research note on Wednesday, December 7th. CSFB upped their price objective on shares of Laurentian Bank of Canada from C$52.00 to C$57.00 in a report on Tuesday, January 17th. Canaccord Genuity upped their price objective on shares of Laurentian Bank of Canada from C$58.00 to C$62.00 in a report on Friday, January 13th. Finally, TD Securities upped their price objective on shares of Laurentian Bank of Canada from C$58.00 to C$61.00 and gave the stock a “buy” rating in a report on Thursday, December 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of C$57.67.

Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

Shares of Laurentian Bank of Canada (TSE:LB) opened at 61.44 on Wednesday. The company has a market cap of $2.08 billion and a PE ratio of 13.52. Laurentian Bank of Canada has a 12-month low of $45.24 and a 12-month high of $61.67. The company has a 50 day moving average of $59.07 and a 200-day moving average of $52.91.

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 1st. Stockholders of record on Wednesday, February 1st were issued a dividend of $0.61 per share. This is a boost from Laurentian Bank of Canada’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.97%.

“Laurentian Bank of Canada (LB) PT Raised to C$61.00” was first posted by Daily Political and is the property of of Daily Political. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright legislation. The original version of this article can be read at http://www.dailypolitical.com/2017/02/16/laurentian-bank-of-canada-lb-pt-raised-to-c61-00.html.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.

Stock Target Prices

Receive News & Ratings for Laurentian Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laurentian Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.