Laurentian Bank of Canada (TSE:LB) Given Average Recommendation of “Reduce” by Analysts

Shares of Laurentian Bank of Canada (TSE:LB) have been assigned an average recommendation of “Reduce” from the three ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$39.17.

Separately, Desjardins set a C$40.50 price objective on Laurentian Bank of Canada and gave the company a “tender” rating in a research report on Wednesday, August 5th.

Laurentian Bank of Canada Price Performance

Shares of TSE:LB opened at C$40.62 on Friday. The company has a market cap of C$1.82 billion, a PE ratio of -82.90, a P/E/G ratio of 0.76 and a beta of 1.10. Laurentian Bank of Canada has a fifty-two week low of C$31.12 and a fifty-two week high of C$40.78. The firm has a 50-day simple moving average of C$40.30 and a 200 day simple moving average of C$40.28.

Laurentian Bank of Canada (TSE:LB) last issued its earnings results on Friday, August 28th. The company reported C$0.51 EPS for the quarter. The company had revenue of C$241.73 million during the quarter. Laurentian Bank of Canada had a negative return on equity of 0.30% and a negative net margin of 0.41%. As a group, research analysts forecast that Laurentian Bank of Canada will post 3.8414986 EPS for the current fiscal year.

Laurentian Bank of Canada Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, August 1st. Shareholders of record on Saturday, August 1st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Tuesday, June 30th. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently -383.67%.

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.