Laurentian Bank of Canada (LB) PT Lowered to C$55.00 at Barclays
A number of other research analysts have also weighed in on LB. Canaccord Genuity reissued a speculative buy rating and set a C$57.00 price target on shares of Laurentian Bank of Canada in a research note on Thursday. Scotiabank reduced their price target on Laurentian Bank of Canada from C$58.00 to C$56.00 and set a sector perform rating on the stock in a research note on Thursday. CIBC reduced their price target on Laurentian Bank of Canada from C$60.00 to C$55.00 in a research note on Thursday. TD Securities reduced their price target on Laurentian Bank of Canada from C$64.00 to C$58.00 and set a buy rating on the stock in a research note on Thursday. Finally, CSFB reduced their price target on Laurentian Bank of Canada from C$57.00 to C$55.00 in a research note on Friday, January 19th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of C$56.40.
Laurentian Bank of Canada (LB) traded up C$0.37 during mid-day trading on Thursday, reaching C$49.39. The company had a trading volume of 192,851 shares, compared to its average volume of 316,309. Laurentian Bank of Canada has a 12-month low of C$48.55 and a 12-month high of C$62.90. The stock has a market cap of $2,040.00, a price-to-earnings ratio of 8.98 and a beta of 0.45.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Tuesday, January 2nd were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.10%. This is an increase from Laurentian Bank of Canada’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Friday, December 29th. Laurentian Bank of Canada’s dividend payout ratio is presently 44.81%.
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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.
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