Laurentian Bank of Canada (TSE:LB) Price Target Raised to C$40.50

Laurentian Bank of Canada (TSE:LB) had its target price upped by Raymond James Financial from C$30.00 to C$40.50 in a research report report published on Wednesday morning,BayStreet.CA reports.

Several other equities research analysts have also weighed in on the company. Desjardins lifted their price objective on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “sell” rating in a report on Wednesday, August 13th. National Bankshares cut their target price on shares of Laurentian Bank of Canada from C$27.00 to C$26.00 and set an “underperform” rating for the company in a research report on Tuesday, September 2nd. Jefferies Financial Group lifted their target price on shares of Laurentian Bank of Canada from C$29.00 to C$31.00 in a research note on Wednesday, August 13th. CIBC upped their price target on shares of Laurentian Bank of Canada from C$33.00 to C$35.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. Finally, Scotiabank set a C$33.00 price objective on shares of Laurentian Bank of Canada and gave the stock a “sector perform” rating in a report on Tuesday, November 25th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of C$32.21.

Laurentian Bank of Canada Trading Down 0.1%

TSE:LB opened at C$39.86 on Wednesday. The stock has a market capitalization of C$1.77 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 0.76 and a beta of 1.44. The firm’s 50 day moving average is C$33.37 and its 200 day moving average is C$31.74. Laurentian Bank of Canada has a 12 month low of C$24.37 and a 12 month high of C$40.01.

Laurentian Bank of Canada (TSE:LB) last announced its quarterly earnings data on Friday, December 5th. The company reported C$0.73 earnings per share for the quarter. Laurentian Bank of Canada had a negative return on equity of 0.20% and a negative net margin of 0.30%.The business had revenue of C$244.71 million during the quarter. Research analysts predict that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current year.

Laurentian Bank of Canada Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, November 1st. Stockholders of record on Saturday, November 1st were paid a $0.47 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $1.88 annualized dividend and a dividend yield of 4.7%. Laurentian Bank of Canada’s payout ratio is currently 61.64%.

About Laurentian Bank of Canada

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients.