Laurentian Bank of Canada (TSE:LB) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Laurentian Bank of Canada (TSE:LB)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$27.20 and traded as high as C$28.99. Laurentian Bank of Canada shares last traded at C$28.93, with a volume of 190,541 shares traded.

Analyst Upgrades and Downgrades

Several research firms have commented on LB. Jefferies Financial Group boosted their target price on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the company a “hold” rating in a research note on Monday, December 9th. BMO Capital Markets boosted their price objective on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Monday, December 9th. CIBC raised 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. Scotiabank boosted their price target on shares of Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the stock a “sector perform” rating in a research report on Monday, December 9th. Finally, Raymond James raised their price objective on Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a “market perform” rating in a report on Monday, December 9th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$28.67.

Laurentian Bank of Canada Trading Up 1.5 %

The company has a market capitalization of C$1.27 billion, a price-to-earnings ratio of -46.66, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The firm’s 50 day moving average price is C$28.53 and its two-hundred day moving average price is C$27.20.

Laurentian Bank of Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Friday, January 3rd will be paid a $0.47 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.88 annualized dividend and a yield of 6.50%. Laurentian Bank of Canada’s dividend 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.