Laurentian Bank of Canada (TSE:LB) has been assigned an average rating of “Hold” from the ten analysts that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$58.90.

A number of research firms have recently weighed in on LB. Barclays PLC reduced their target price on shares of Laurentian Bank of Canada from C$58.00 to C$57.00 in a report on Friday, August 11th. National Bank Financial boosted their target price on shares of Laurentian Bank of Canada from C$58.00 to C$59.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 30th. BMO Capital Markets boosted their target price on shares of Laurentian Bank of Canada from C$56.00 to C$57.00 and gave the stock a “market perform” rating in a report on Wednesday, August 30th. Canaccord Genuity boosted their target price on shares of Laurentian Bank of Canada from C$61.00 to C$63.00 and gave the stock a “buy” rating in a report on Wednesday, August 30th. Finally, Scotiabank restated a “sector perform” rating and issued a C$60.00 target price on shares of Laurentian Bank of Canada in a report on Monday, August 21st.

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Laurentian Bank of Canada (TSE LB) opened at 60.12 on Thursday. The stock’s 50 day moving average price is $58.53 and its 200-day moving average price is $55.63. The company has a market capitalization of $2.06 billion and a PE ratio of 13.46. Laurentian Bank of Canada has a 52 week low of $48.68 and a 52 week high of $61.67.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Monday, October 2nd will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, September 29th. This represents a $2.48 annualized dividend and a yield of 4.13%.

About Laurentian Bank of Canada

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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