A number of firms have modified their ratings and price targets on shares of Laurentian Bank of Canada (TSE: LB) recently:

  • 12/11/2017 – Laurentian Bank of Canada had its price target lowered by analysts at CIBC from C$66.00 to C$60.00.
  • 12/6/2017 – Laurentian Bank of Canada was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating. They now have a C$63.00 price target on the stock, up previously from C$62.00.
  • 12/6/2017 – Laurentian Bank of Canada had its price target lowered by analysts at Scotiabank from C$67.00 to C$64.00. They now have a “sector perform” rating on the stock.
  • 12/6/2017 – Laurentian Bank of Canada had its price target lowered by analysts at Royal Bank of Canada from C$60.00 to C$55.00. They now have a “sector perform” rating on the stock.
  • 12/6/2017 – Laurentian Bank of Canada had its price target raised by analysts at National Bank Financial from C$59.00 to C$60.00. They now have a “sector perform” rating on the stock.
  • 12/6/2017 – Laurentian Bank of Canada had its price target lowered by analysts at Desjardins from C$60.00 to C$59.00.
  • 12/6/2017 – Laurentian Bank of Canada was downgraded by analysts at Canaccord Genuity from a “buy” rating to a “speculative buy” rating. They now have a C$61.00 price target on the stock, down previously from C$67.00.
  • 12/6/2017 – Laurentian Bank of Canada was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a C$62.00 price target on the stock, up previously from C$57.00.
  • 12/6/2017 – Laurentian Bank of Canada had its price target raised by analysts at Barclays PLC from C$57.00 to C$62.00.
  • 11/13/2017 – Laurentian Bank of Canada had its price target raised by analysts at CIBC from C$61.00 to C$66.00.
  • 11/1/2017 – Laurentian Bank of Canada had its price target raised by analysts at Canaccord Genuity from C$63.00 to C$67.00.

Shares of Laurentian Bank of Canada (TSE LB) traded down C$0.24 during trading hours on Thursday, hitting C$56.73. The stock had a trading volume of 242,031 shares, compared to its average volume of 140,097. Laurentian Bank of Canada has a 52-week low of C$51.57 and a 52-week high of C$62.90.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Tuesday, January 2nd will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, December 29th. This is a boost from Laurentian Bank of Canada’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a dividend yield of 4.44%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently 45.27%.

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.

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