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Equities researchers at CIBC dropped their price target on shares of Laurentian Bank of Canada (TSE:LB) from C$55.00 to C$54.00 in a research report issued on Friday. The firm currently has a “sector perform” rating on the stock. CIBC’s price target would indicate a potential upside of 8.19% from the company’s current price.

Shares of Laurentian Bank of Canada (TSE:LB) traded down 0.54% during mid-day trading on Friday, hitting $49.64. 93,667 shares of the company’s stock traded hands. Laurentian Bank of Canada has a one year low of $44.25 and a one year high of $51.92. The stock’s 50-day moving average is $50.99 and its 200-day moving average is $48.32. The company has a market cap of $1.427 billion and a price-to-earnings 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 EPS for the quarter, beating the Thomson Reuters 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%.

Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Laurentian Bank of Canada from C$50.00 to C$52.00 in a research note on Friday. They now have a “market perform” rating on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of C$51.38.

Laurentian Bank of Canada (TSE:LB) is a Canada-based banking institution.

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