Laurentian Bank of Canada (TSE:LB) Price Target Raised to C$31.00

Laurentian Bank of Canada (TSE:LB) had its price objective hoisted by BMO Capital Markets from C$28.00 to C$31.00 in a research report released on Monday,BayStreet.CA reports.

A number of other analysts also recently issued reports on the company. Raymond James raised their target price on Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the stock a “market perform” rating in a research report on Monday. National Bankshares lifted their price objective on Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an “underperform” rating in a report on Monday. Cibc World Mkts upgraded Laurentian Bank of Canada to a “hold” rating in a research note on Wednesday, August 21st. CIBC increased their target price on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Tuesday, November 26th. Finally, Scotiabank boosted their price target on shares of Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the company a “sector perform” rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Laurentian Bank of Canada presently has an average rating of “Hold” and a consensus price target of C$28.67.

Laurentian Bank of Canada Stock Down 0.1 %

Laurentian Bank of Canada stock opened at C$30.36 on Monday. The firm has a 50 day moving average price of C$27.63 and a 200-day moving average price of C$26.79. Laurentian Bank of Canada has a twelve month low of C$24.45 and a twelve month high of C$31.74. The company has a market capitalization of C$1.33 billion, a P/E ratio of -48.97, a P/E/G ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Friday, January 3rd will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 6.19%. Laurentian Bank of Canada’s dividend payout ratio is presently -303.23%.

About Laurentian Bank of Canada

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.