Shares of Laurentian Bank of Canada (TSE:LB) have been assigned an average recommendation of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$58.90.

A number of research analysts have issued reports on the company. National Bank Financial lifted their price objective on Laurentian Bank of Canada from C$58.00 to C$59.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 30th. Canaccord Genuity lifted their price objective on Laurentian Bank of Canada from C$61.00 to C$63.00 and gave the company a “buy” rating in a research note on Wednesday, August 30th. BMO Capital Markets lifted their price objective on Laurentian Bank of Canada from C$56.00 to C$57.00 and gave the company a “market perform” rating in a research note on Wednesday, August 30th. Scotiabank reiterated a “sector perform” rating and set a C$60.00 price objective on shares of Laurentian Bank of Canada in a research note on Monday, August 21st. Finally, Barclays PLC lowered their price objective on Laurentian Bank of Canada from C$58.00 to C$57.00 in a research note on Friday, August 11th.

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Shares of Laurentian Bank of Canada (TSE:LB) opened at 59.71 on Friday. Laurentian Bank of Canada has a one year low of $48.30 and a one year high of $61.67. The company has a market cap of $2.04 billion and a P/E ratio of 13.37. The company’s 50-day moving average price is $55.03 and its 200 day moving average price is $55.45.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Monday, October 2nd will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Friday, September 29th.

Laurentian Bank of Canada Company Profile

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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