Laurentian Bank of Canada (TSE:LB) Stock Passes Above 200-Day Moving Average – What’s Next?

Laurentian Bank of Canada (TSE:LB)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$27.28 and traded as high as C$29.69. Laurentian Bank of Canada shares last traded at C$29.18, with a volume of 274,410 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LB. CIBC boosted their price objective on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Tuesday, November 26th. National Bankshares increased their price target on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an “underperform” rating in a report on Monday, December 9th. Jefferies Financial Group raised their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Raymond James upped their target price on shares of Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the stock a “market perform” rating in a report on Monday, December 9th. Finally, Scotiabank boosted their price target on shares of Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the company a “sector perform” rating in a research report on Monday, December 9th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$28.67.

Laurentian Bank of Canada Stock Up 0.0 %

The company has a market capitalization of C$1.28 billion, a PE ratio of -47.06, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The firm’s 50-day moving average is C$28.85 and its 200-day moving average is C$27.31.

Laurentian Bank of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Friday, January 3rd will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.88 annualized dividend and a dividend yield of 6.44%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently -303.23%.

About Laurentian Bank of Canada

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.