Laurentian Bank of Canada (TSE:LB) had its price target reduced by CIBC from C$66.00 to C$60.00 in a report released on Monday.

Several other brokerages have also weighed in on LB. Canaccord Genuity lifted their price objective on Laurentian Bank of Canada from C$63.00 to C$67.00 in a report on Wednesday, November 1st. TD Securities raised Laurentian Bank of Canada from a hold rating to a buy rating and lifted their price objective for the stock from C$62.00 to C$63.00 in a report on Wednesday, December 6th. Scotiabank decreased their price objective on Laurentian Bank of Canada from C$67.00 to C$64.00 and set a sector perform rating on the stock in a report on Wednesday, December 6th. Royal Bank of Canada decreased their price objective on Laurentian Bank of Canada from C$60.00 to C$55.00 and set a sector perform rating on the stock in a report on Wednesday, December 6th. Finally, National Bank Financial lifted their price objective on Laurentian Bank of Canada from C$59.00 to C$60.00 and gave the stock a sector perform rating in a report on Wednesday, December 6th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of C$60.30.

Shares of Laurentian Bank of Canada (TSE LB) opened at C$56.73 on Monday. Laurentian Bank of Canada has a fifty-two week low of C$51.57 and a fifty-two week high of C$62.90.

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

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Laurentian Bank of Canada Company Profile

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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