Shares of Laurentian Bank of Canada (TSE:LB) have received an average rating of “Hold” from the ten ratings firms that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$59.11.

Several analysts have issued reports on LB shares. Barclays PLC raised shares of Laurentian Bank of Canada from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 23rd. Desjardins reduced their price objective on shares of Laurentian Bank of Canada from C$58.00 to C$57.00 and set a “hold” rating on the stock in a research note on Thursday, June 1st. TD Securities reduced their price objective on shares of Laurentian Bank of Canada from C$62.00 to C$60.00 and set a “hold” rating on the stock in a research note on Wednesday, May 31st. BMO Capital Markets reaffirmed a “market perform” rating and set a C$56.00 price target on shares of Laurentian Bank of Canada in a research report on Monday, May 29th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$57.00 price target on shares of Laurentian Bank of Canada in a research report on Wednesday, May 31st.

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Shares of Laurentian Bank of Canada (TSE LB) opened at 54.64 on Tuesday. The firm’s 50-day moving average price is $53.07 and its 200-day moving average price is $57.13. The stock has a market cap of $1.86 billion and a price-to-earnings ratio of 12.72. Laurentian Bank of Canada has a 12-month low of $47.75 and a 12-month high of $61.67.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Tuesday, August 1st will be paid a $0.62 dividend. The ex-dividend date is Thursday, June 29th. This represents a $2.48 annualized dividend and a dividend yield of 4.54%. This is a boost from Laurentian Bank of Canada’s previous quarterly dividend of $0.61.

About Laurentian Bank of Canada

Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.

Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

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