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.

Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

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