Laurentian Bank of Canada PT Raised to C$51.00 (LB)
Analysts at National Bank Financial hoisted their price target on shares of Laurentian Bank of Canada (TSE:LB) from C$48.00 to C$51.00 in a research report issued to clients and investors on Thursday. National Bank Financial’s price target indicates a potential upside of 6.12% from the stock’s previous close.
Laurentian Bank of Canada (TSE:LB) traded up 0.37% on Thursday, hitting $48.24. 65,998 shares of the company’s stock traded hands. Laurentian Bank of Canada has a 1-year low of $42.41 and a 1-year high of $48.20. The stock’s 50-day moving average is $47.29 and its 200-day moving average is $46.63. The company has a market cap of $1.382 billion and a price-to-earnings ratio of 11.78.
Laurentian Bank of Canada (TSE:LB) last released its earnings data on Thursday, June 5th. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.22 by $0.07. Analysts expect that Laurentian Bank of Canada will post $5.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 1st. Investors of record on Wednesday, July 2nd will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.33%.
Several other analysts have also recently commented on the stock. Analysts at Scotiabank raised their price target on shares of Laurentian Bank of Canada from C$49.00 to C$51.00 in a research note on Thursday. They now have a “sector perform” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Laurentian Bank of Canada from C$51.50 to C$52.50 in a research note on Thursday. Finally, analysts at Barclays raised their price target on shares of Laurentian Bank of Canada from C$47.00 to C$50.00 in a research note on Thursday. They now have an “underweight” rating on the stock. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Laurentian Bank of Canada presently has a consensus rating of “Hold” and a consensus target price of C$48.56.
Laurentian Bank of Canada (TSE:LB) is a Canada-based banking institution.
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