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.
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%.
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.
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