Laurentian Bank of Canada (TSE:LB) Receives Average Recommendation of “Strong Sell” from Brokerages

Laurentian Bank of Canada (TSE:LB) has earned a consensus recommendation of “Strong Sell” from the five brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$36.44.

Separately, Desjardins reduced their price target on Laurentian Bank of Canada from C$50.00 to C$40.00 and set a “tender” rating on the stock in a research note on Monday, February 9th.

Laurentian Bank of Canada Stock Down 0.3%

Shares of LB stock opened at C$40.27 on Wednesday. The stock has a market cap of C$1.80 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 0.76 and a beta of 1.23. The business’s fifty day moving average is C$40.22 and its 200 day moving average is C$38.44. Laurentian Bank of Canada has a twelve month low of C$26.95 and a twelve month high of C$40.49.

Laurentian Bank of Canada (TSE:LB) last issued its quarterly earnings results on Friday, February 27th. The company reported C$0.65 earnings per share for the quarter. The company had revenue of C$251.56 million for the quarter. Laurentian Bank of Canada had a return on equity of 2.86% and a net margin of 3.72%. Equities research analysts expect that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current fiscal year.

Laurentian Bank of Canada Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, May 1st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Wednesday, April 1st. Laurentian Bank of Canada’s dividend payout ratio is presently 125.33%.

Laurentian Bank of Canada Company Profile

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada – primarily in Québec and Ontario – as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.