Laurentian Bank of Canada (LB) PT Raised to C$61.00
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.
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%.
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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.
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