CIBC Cuts Laurentian Bank of Canada (LB) Price Target to C$60.00
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%.
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.
Receive News & Ratings for Laurentian Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laurentian Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.