Laurentian Bank of Canada (LB) Price Target Raised to C$59.00
Laurentian Bank of Canada (TSE:LB) had its price target raised by National Bank Financial from C$58.00 to C$59.00 in a report published on Wednesday. National Bank Financial currently has a sector perform rating on the stock.
Several other analysts also recently issued reports on the stock. Scotiabank decreased their price objective on shares of Laurentian Bank of Canada from C$64.00 to C$60.00 and set a sector perform rating for the company in a report on Monday, May 29th. Barclays PLC decreased 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. Canaccord Genuity upped their price objective 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. Desjardins decreased their price objective on shares of Laurentian Bank of Canada from C$58.00 to C$57.00 and set a hold rating for the company in a report on Friday, May 26th. Finally, BMO Capital Markets reaffirmed a market perform rating and set a C$56.00 price objective on shares of Laurentian Bank of Canada in a report on Monday, May 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of C$58.90.
Laurentian Bank of Canada (TSE:LB) opened at 56.15 on Wednesday. The firm has a market cap of $1.92 billion and a price-to-earnings ratio of 12.57. Laurentian Bank of Canada has a one year low of $48.06 and a one year high of $61.67. The firm has a 50 day moving average of $54.36 and a 200-day moving average of $55.80.
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The company also recently disclosed 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. This represents a $2.48 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Friday, September 29th.
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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