Equities Analysts Issue Forecasts for Laurentian Bank of Canada’s Q3 2018 Earnings (LB)
Laurentian Bank of Canada (TSE:LB) – Stock analysts at National Bank Financial issued their Q3 2018 earnings estimates for Laurentian Bank of Canada in a research note issued to investors on Monday. National Bank Financial analyst G. Dechaine forecasts that the company will post earnings of $1.57 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $59.00 target price on the stock. National Bank Financial also issued estimates for Laurentian Bank of Canada’s FY2019 earnings at $6.95 EPS.
LB has been the subject of a number of other research reports. BMO Capital Markets raised their price objective on shares of Laurentian Bank of Canada from C$56.00 to C$57.00 and gave the company a “market perform” rating in a report on Wednesday, August 30th. Scotiabank reiterated a “sector perform” rating and issued a C$60.00 price objective on shares of Laurentian Bank of Canada in a report on Monday, August 21st. CIBC raised their price objective on shares of Laurentian Bank of Canada from C$61.00 to C$66.00 in a report on Monday, November 13th. Canaccord Genuity raised their price objective on shares of Laurentian Bank of Canada from C$63.00 to C$67.00 in a report on Wednesday, November 1st. Finally, Barclays PLC dropped their price objective on shares of Laurentian Bank of Canada from C$58.00 to C$57.00 in a report on Friday, August 11th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of C$59.70.
ILLEGAL ACTIVITY WARNING: “Equities Analysts Issue Forecasts for Laurentian Bank of Canada’s Q3 2018 Earnings (LB)” was posted by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.watchlistnews.com/equities-analysts-issue-forecasts-for-laurentian-bank-of-canadas-q3-2018-earnings-lb/1724296.html.
Laurentian Bank of Canada (TSE:LB) traded down C$0.08 on Wednesday, hitting C$59.14. 41,825 shares of the stock were exchanged, compared to its average volume of 125,150. Laurentian Bank of Canada has a one year low of C$51.57 and a one year high of C$61.67.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Monday, October 2nd were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $2.48 annualized dividend and a yield of 4.19%. Laurentian Bank of Canada’s payout ratio is 55.20%.
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 Analyst Ratings Network's FREE daily email newsletter.