Laurentian Bank of Canada (TSE:LB) Receives C$27.10 Consensus Price Target from Analysts

Laurentian Bank of Canada (TSE:LB) has been assigned an average recommendation of “Reduce” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$27.10.

A number of research analysts have recently issued reports on the stock. 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. Scotiabank increased their price objective on Laurentian Bank of Canada from C$26.00 to C$30.00 in a report on Monday, November 25th. Desjardins raised their price objective on Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. BMO Capital Markets increased their price target on Laurentian Bank of Canada from C$27.00 to C$28.00 in a research note on Monday, November 18th. Finally, Cibc World Mkts upgraded Laurentian Bank of Canada to a “hold” rating in a research note on Wednesday, August 21st.

Laurentian Bank of Canada Stock Performance

TSE LB opened at C$29.65 on Wednesday. The firm’s 50 day moving average price is C$27.26 and its 200-day moving average price is C$26.66. The company has a market cap of C$1.30 billion, a PE ratio of -47.82, a P/E/G ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a 52-week low of C$24.45 and a 52-week high of C$29.75.

Laurentian Bank of Canada (TSE:LB) last issued its quarterly earnings data on Friday, August 30th. The company reported C$0.88 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.85 by C$0.03. The firm had revenue of C$256.50 million during the quarter, compared to analysts’ expectations of C$257.90 million. Laurentian Bank of Canada had a negative return on equity of 0.55% and a negative net margin of 1.64%. On average, analysts forecast that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current fiscal year.

Laurentian Bank of Canada Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 6.34%. The ex-dividend date was Tuesday, October 1st. 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.