BMO Capital Markets Increases Laurentian Bank of Canada Price Target to C$52.00 (LB)
BMO Capital Markets raised their price objective on shares of Laurentian Bank of Canada (TSE:LB) from C$50.00 to C$52.00 in a research note issued on Friday. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 4.19% from the company’s current price.
A number of other firms have also recently commented on LB. Analysts at RBC Capital raised their price target on shares of Laurentian Bank of Canada from C$46.00 to C$48.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at Scotiabank cut their price target on shares of Laurentian Bank of Canada from C$54.00 to C$52.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Laurentian Bank of Canada from C$52.50 to C$55.00 in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Laurentian Bank of Canada presently has an average rating of “Hold” and a consensus target price of C$51.38.
Shares of Laurentian Bank of Canada (TSE:LB) traded down 0.54% on Friday, hitting $49.64. The stock had a trading volume of 93,667 shares. Laurentian Bank of Canada has a one year low of $44.25 and a one year high of $51.92. The stock has a 50-day moving average of $50.99 and a 200-day moving average of $48.32. The company has a market cap of $1.427 billion and a P/E ratio of 12.45.
Laurentian Bank of Canada (TSE:LB) last issued its quarterly earnings data on Thursday, June 5th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.07.
The company also recently declared a quarterly dividend, which is scheduled for Saturday, November 1st. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.17%.
Laurentian Bank of Canada (TSE:LB) is a Canada-based banking institution.
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