Laurentian Bank of Canada (LB) Given Consensus Rating of “Hold” by Brokerages

Laurentian Bank of Canada (TSE:LB) has been given a consensus rating of “Hold” by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$59.00.

LB has been the subject of several analyst reports. Canaccord Genuity boosted their price target on shares of Laurentian Bank of Canada from C$63.00 to C$67.00 in a report on Wednesday, November 1st. CIBC boosted their price objective on shares of Laurentian Bank of Canada from C$61.00 to C$66.00 in a research report on Monday, November 13th. Barclays boosted their price objective on shares of Laurentian Bank of Canada from C$57.00 to C$62.00 in a research report on Wednesday, December 6th. BMO Capital Markets upgraded shares of Laurentian Bank of Canada from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$57.00 to C$62.00 in a research report on Wednesday, December 6th. Finally, Desjardins reduced their price objective on shares of Laurentian Bank of Canada from C$60.00 to C$59.00 in a research report on Wednesday, December 6th.

Laurentian Bank of Canada (LB) opened at C$53.19 on Friday. The firm has a market cap of $2,100.00, a P/E ratio of 9.87 and a beta of 0.48. Laurentian Bank of Canada has a twelve month low of C$51.57 and a twelve month high of C$62.90.

Laurentian Bank of Canada (TSE:LB) last posted its quarterly earnings results on Tuesday, December 5th. The company reported C$1.63 EPS for the quarter, topping the consensus estimate of C$1.54 by C$0.09. Laurentian Bank of Canada had a net margin of 21.88% and a return on equity of 11.79%.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Tuesday, January 2nd will be given a $0.63 dividend. This is an increase from Laurentian Bank of Canada’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, December 29th. This represents a $2.52 annualized dividend and a yield of 4.74%. Laurentian Bank of Canada’s dividend payout ratio is 45.64%.

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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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