Laurentian Bank of Canada (TSE:LB) Price Target Lowered to C$28.00 at Scotiabank

Laurentian Bank of Canada (TSE:LB) had its target price trimmed by Scotiabank from C$33.00 to C$28.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other research firms also recently issued reports on LB. BMO Capital Markets boosted their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Monday, December 9th. National Bankshares boosted their target price on 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 increased their target price on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Raymond James lifted their price target on shares of Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a “market perform” rating in a research report on Monday, December 9th. Finally, CIBC increased their price objective on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Tuesday, November 26th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$28.11.

Laurentian Bank of Canada Stock Down 2.5 %

Shares of LB opened at C$27.21 on Thursday. The firm has a market cap of C$1.20 billion, a PE ratio of -217.02, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The company’s fifty day moving average is C$28.52 and its two-hundred day moving average is C$27.61. Laurentian Bank of Canada has a fifty-two week low of C$24.45 and a fifty-two week high of C$31.74.

Laurentian Bank of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, February 1st. Shareholders of record on Friday, January 3rd were given a $0.47 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.88 dividend on an annualized basis and a yield of 6.91%. Laurentian Bank of Canada’s payout ratio is currently -1,499.45%.

Laurentian Bank of Canada Company Profile

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.