Laurentian Bank of Canada (TSE:LB) Receives Consensus Rating of “Reduce” from Analysts

Shares of Laurentian Bank of Canada (TSE:LB) have been given an average recommendation of “Reduce” by the three research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and two have issued a hold rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$39.17.

Separately, Desjardins set a C$40.50 price objective on shares of Laurentian Bank of Canada and gave the stock a “tender” rating in a research report on Wednesday, August 5th.

Laurentian Bank of Canada Trading Up 0.1%

Shares of TSE LB opened at C$40.62 on Friday. Laurentian Bank of Canada has a 12 month low of C$31.07 and a 12 month high of C$40.78. The stock has a 50 day moving average of C$40.30 and a 200-day moving average of C$40.28. The company has a market capitalization of C$1.82 billion, a P/E ratio of -82.90, a P/E/G ratio of 0.76 and a beta of 1.16.

Laurentian Bank of Canada (TSE:LB) last posted its earnings results on Friday, August 28th. The company reported C$0.51 earnings per share for the quarter. Laurentian Bank of Canada had a negative return on equity of 0.30% and a negative net margin of 0.41%.The business had revenue of C$241.73 million for the quarter. Analysts predict that Laurentian Bank of Canada will post 3.8414986 EPS for the current fiscal year.

Laurentian Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, August 1st. Stockholders of record on Saturday, August 1st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Tuesday, June 30th. Laurentian Bank of Canada’s dividend payout ratio (DPR) is currently -383.67%.

About Laurentian Bank of Canada

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada – primarily in Québec and Ontario – as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.