Laurentian Bank of Canada (TSE:LB) Price Target Raised to C$28.00

Laurentian Bank of Canada (TSE:LB) had its price objective increased by BMO Capital Markets from C$27.00 to C$28.00 in a research report report published on Monday morning,BayStreet.CA reports.

A number of other research analysts have also recently commented on the company. CIBC lowered their target price 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 increased their price target on Laurentian Bank of Canada from C$26.00 to C$27.00 in a research note on Wednesday, September 4th. Desjardins upped their price objective on Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. Finally, Cibc World Mkts upgraded Laurentian Bank of Canada to a “hold” rating in a report on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, Laurentian Bank of Canada currently has an average rating of “Hold” and an average price target of C$26.55.

Laurentian Bank of Canada Trading Up 0.1 %

Shares of Laurentian Bank of Canada stock opened at C$28.43 on Monday. The firm has a market capitalization of C$1.25 billion, a PE ratio of -45.85, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The business’s 50-day moving average price is C$26.95 and its 200-day moving average price is C$26.53. Laurentian Bank of Canada has a 12 month low of C$24.45 and a 12 month high of C$29.49.

Laurentian Bank of Canada (TSE:LB) last posted its quarterly earnings results on Friday, August 30th. The company reported C$0.88 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of C$257.90 million. As a group, analysts predict that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current fiscal year.

Laurentian Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were given a $0.47 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.88 dividend on an annualized basis and a yield of 6.61%. Laurentian Bank of Canada’s payout ratio is -303.23%.

Laurentian Bank of Canada Company Profile

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.