Laurentian Bank of Canada (TSE:LB) Receives C$27.01 Average Target Price from Analysts

Shares of Laurentian Bank of Canada (TSE:LB) have been given an average rating of “Reduce” by the eleven analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$27.01.

A number of equities research analysts recently weighed in on the company. CIBC decreased their price objective on Laurentian Bank of Canada from C$30.00 to C$28.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Raymond James lifted their price objective on shares of Laurentian Bank of Canada from C$26.00 to C$27.00 in a research report on Wednesday, September 4th. Desjardins raised their target price on shares of Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. Finally, Cibc World Mkts raised Laurentian Bank of Canada to a “hold” rating in a research report on Wednesday, August 21st.

Laurentian Bank of Canada Price Performance

Shares of LB opened at C$26.44 on Friday. The firm has a market capitalization of C$1.16 billion, a price-to-earnings ratio of -42.63, a PEG ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a 1-year low of C$24.45 and a 1-year high of C$29.49. The company has a 50-day moving average of C$26.72 and a 200 day moving average of C$26.39.

Laurentian Bank of Canada (TSE:LB) last issued its earnings results on Friday, August 30th. The company reported C$0.88 earnings per share for the quarter, topping the consensus estimate of C$0.85 by C$0.03. Laurentian Bank of Canada had a negative return on equity of 0.55% and a negative net margin of 1.64%. The business had revenue of C$256.50 million during the quarter, compared to analysts’ expectations of C$257.90 million. On average, equities analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 7.11%. The ex-dividend date of this dividend was Tuesday, October 1st. Laurentian Bank of Canada’s dividend payout ratio (DPR) is -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.