Laurentian Bank Receives New Coverage from Analysts at RBC Capital (LB)
Stock analysts at RBC Capital started coverage on shares of Laurentian Bank (TSE:LB) in a report issued on Friday, Analyst Ratings Network reports. The firm set a “sector perform” rating on the stock.
Shares of Laurentian Bank (TSE:LB) opened at 46.91 on Friday. Laurentian Bank has a 52 week low of $42.41 and a 52 week high of $47.96. The stock’s 50-day moving average is $46.82 and its 200-day moving average is $45.51. The company has a market cap of $1.338 billion and a price-to-earnings ratio of 11.76.
Laurentian Bank (TSE:LB) last issued its quarterly earnings data on Wednesday, December 11th. The company reported $1.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.34 by $0.26. On average, analysts predict that Laurentian Bank will post $5.35 earnings per share for the current fiscal year.
The company also recently announced a dividend, which is scheduled for Saturday, February 1st. Shareholders of record on Thursday, January 2nd will be paid a dividend of 0.4815 per share. The ex-dividend date is Monday, December 30th.
Other equities research analysts have also recently issued reports about the stock. Analysts at CSFB cut their price target on shares of Laurentian Bank from C$47.00 to C$46.00 in a research note to investors on Thursday, December 12th. They now have an “underperform” rating on the stock. Separately, analysts at Laurentian upgraded shares of Laurentian Bank from an “underperform” rating to a “sector perform” rating in a research note to investors on Thursday, December 12th. Finally, analysts at Barclays raised their price target on shares of Laurentian Bank from C$45.00 to C$47.00 in a research note to investors on Thursday, November 21st. They now have an “underweight” rating on the stock. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$47.50.
Laurentian Bank of Canada (TSE:LB) is a banking institution.
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