Laurentian Bank of Canada (TSE:LB) Receives Consensus Recommendation of “Hold” from Analysts
Laurentian Bank of Canada (TSE:LB) has been assigned a consensus rating of “Hold” from the ten brokerages that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation. The average 1 year price target among brokers that have covered the stock in the last year is C$59.11.
Several research analysts have issued reports on the company. TD Securities dropped their price objective on Laurentian Bank of Canada from C$62.00 to C$60.00 and set a “hold” rating for the company in a research note on Wednesday, May 31st. Desjardins dropped their price objective on Laurentian Bank of Canada from C$58.00 to C$57.00 and set a “hold” rating for the company in a research note on Thursday, June 1st. BMO Capital Markets reiterated a “market perform” rating and set a C$56.00 price objective on shares of Laurentian Bank of Canada in a research note on Monday, May 29th. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$57.00 price objective on shares of Laurentian Bank of Canada in a research note on Wednesday, May 31st. Finally, Scotiabank dropped their price objective on Laurentian Bank of Canada from C$64.00 to C$60.00 and set a “sector perform” rating for the company in a research note on Monday, May 29th.
Laurentian Bank of Canada (TSE:LB) opened at 54.88 on Friday. The firm has a market cap of $1.87 billion and a P/E ratio of 12.77. The stock’s 50 day moving average is $54.12 and its 200 day moving average is $56.53. Laurentian Bank of Canada has a one year low of $47.75 and a one year high of $61.67.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Tuesday, August 1st were paid a $0.62 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This is a positive change from Laurentian Bank of Canada’s previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.52%.
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Laurentian Bank of Canada Company Profile
Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and RRSP loans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance and leasing solutions.
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