Laurentian Bank of Canada (TSE:LB) Receives C$27.01 Consensus Target Price from Analysts

Shares of Laurentian Bank of Canada (TSE:LB) have earned an average rating of “Reduce” from the eleven analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$27.01.

A number of research firms recently weighed in on LB. Raymond James lifted their price objective on shares of Laurentian Bank of Canada from C$26.00 to C$27.00 in a research report on Wednesday, September 4th. CIBC dropped their price target on shares of Laurentian Bank of Canada from C$30.00 to C$28.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Desjardins raised their price objective on shares of Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. Finally, Cibc World Mkts upgraded Laurentian Bank of Canada to a “hold” rating in a research report on Wednesday, August 21st.

Laurentian Bank of Canada Price Performance

Shares of Laurentian Bank of Canada stock opened at C$27.10 on Friday. The stock has a market capitalization of C$1.19 billion, a price-to-earnings ratio of -43.71, a PEG ratio of 0.76 and a beta of 1.25. The firm’s fifty day simple moving average is C$26.70 and its 200-day simple moving average is C$26.43. Laurentian Bank of Canada has a 12 month low of C$24.45 and a 12 month high of C$29.49.

Laurentian Bank of Canada (TSE:LB) last announced its earnings results on Friday, August 30th. The company reported C$0.88 EPS for the quarter, beating analysts’ consensus estimates of C$0.85 by C$0.03. Laurentian Bank of Canada had a negative net margin of 1.64% and a negative return on equity of 0.55%. The business had revenue of C$256.50 million during the quarter, compared to analysts’ expectations of C$257.90 million. Analysts anticipate that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current year.

Laurentian Bank of Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, November 1st were paid a $0.47 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.88 dividend on an annualized basis and a yield of 6.94%. Laurentian Bank of Canada’s payout ratio is -303.23%.

About Laurentian Bank of Canada

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.