Laurentian Bank of Canada Price Target Raised to C$48.00 at RBC Capital (LB)
Analysts at RBC Capital raised their target price on shares of Laurentian Bank of Canada (TSE:LB) from C$46.00 to C$48.00 in a research report issued to clients and investors on Friday. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target points to a potential downside of 3.83% from the company’s current price.
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 52 week low of $44.25 and a 52 week 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 posted its quarterly earnings results 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. Investors 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%.
A number of other analysts have also recently weighed in on LB. 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. Separately, 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. Finally, analysts at Barclays raised their price target on shares of Laurentian Bank of Canada from C$50.00 to C$53.00 in a research note on Tuesday, August 19th. They now have an “underweight” rating on the stock. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Laurentian Bank of Canada currently has an average 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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