Laurentian Bank of Canada (TSE:LB) Receives C$32.21 Consensus PT from Brokerages

Shares of Laurentian Bank of Canada (TSE:LB) have been assigned a consensus recommendation of “Strong Sell” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$35.19.

LB has been the topic of several research analyst reports. CIBC downgraded Laurentian Bank of Canada from a “neutral” rating to a “tender” rating and boosted their price objective for the company from C$35.00 to C$40.50 in a research report on Monday. Royal Bank Of Canada raised Laurentian Bank of Canada from a “strong sell” rating to a “hold” rating and lifted their target price for the company from C$25.00 to C$40.00 in a research note on Monday. BMO Capital Markets boosted their price target on Laurentian Bank of Canada from C$31.00 to C$40.50 in a report on Monday. Jefferies Financial Group upped their price target on Laurentian Bank of Canada from C$29.00 to C$31.00 in a research note on Wednesday, August 13th. Finally, National Bankshares cut their price objective 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 report on Tuesday, September 2nd.

Laurentian Bank of Canada Price Performance

Shares of TSE LB opened at C$39.88 on Friday. The stock has a market cap of C$1.77 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 0.76 and a beta of 1.44. Laurentian Bank of Canada has a 1 year low of C$24.37 and a 1 year high of C$40.01. The firm has a fifty day moving average price of C$33.64 and a 200-day moving average price of C$31.96.

Laurentian Bank of Canada (TSE:LB) last released its earnings results on Friday, December 5th. The company reported C$0.73 earnings per share for the quarter. The company had revenue of C$244.71 million for the quarter. Laurentian Bank of Canada had a negative net margin of 0.30% and a negative return on equity of 0.20%. On average, research analysts expect that Laurentian Bank of Canada will post 3.8414986 EPS for the current year.

Laurentian Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, November 1st. Investors of record on Saturday, November 1st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Wednesday, October 1st. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently 61.64%.

Laurentian Bank of Canada Company Profile

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.