Laurentian Bank of Canada (LB) Given Consensus Rating of “Hold” by Analysts
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.
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