Laurentian Bank of Canada (TSE:LB) Receives C$30.43 Consensus PT from Analysts

Key Points

• The consensus recommendation for Laurentian Bank of Canada (TSE:LB) is currently "Reduce," with three analysts recommending a sell and four a hold.
• The average one-year target price for Laurentian Bank shares is C$30.43, reflecting mixed opinions on the stock across various analysts.
• Recently, National Bankshares lowered their price target to C$27.00 citing underperformance, while CIBC raised theirs to C$35.00, indicating a neutral stance.

Laurentian Bank of Canada (TSE:LB - Get Free Report) has received a consensus rating of "Reduce" from the seven research firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$30.43.

LB has been the topic of a number of research analyst reports. CIBC upped their target price on shares of Laurentian Bank of Canada from C$33.00 to C$35.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Desjardins raised their target price on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a "sell" rating in a research note on Wednesday, August 13th. Scotiabank lifted their target price on shares of Laurentian Bank of Canada from C$28.00 to C$32.00 and gave the stock a "sector perform" rating in a report on Tuesday, June 3rd. Jefferies Financial Group increased their price target on shares of Laurentian Bank of Canada from C$29.00 to C$31.00 in a report on Wednesday, August 13th. Finally, National Bankshares reduced their price objective on Laurentian Bank of Canada from C$28.00 to C$27.00 and set an "underperform" rating for the company in a report on Friday, August 15th.

Laurentian Bank of Canada Stock Down 3.7%

Shares of LB stock traded down C$1.18 on Friday, reaching C$30.50. The stock had a trading volume of 1,090,501 shares, compared to its average volume of 191,162. The firm's 50-day moving average is C$30.89 and its two-hundred day moving average is C$28.76. The firm has a market capitalization of C$1.35 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 0.76 and a beta of 1.65. Laurentian Bank of Canada has a 12 month low of C$24.37 and a 12 month high of C$31.74.

Laurentian Bank of Canada (TSE:LB - Get Free Report) last issued its earnings results on Friday, August 29th. The company reported C$0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.72 by C$0.01. Laurentian Bank of Canada had a negative net margin of 0.30% and a negative return on equity of 0.20%. During the same period in the previous year, the business posted $0.88 EPS. On average, sell-side analysts forecast that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current fiscal year.

Laurentian Bank of Canada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, November 1st. Investors of record on Wednesday, October 1st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.2%. Laurentian Bank of Canada's dividend payout ratio (DPR) is presently 62.67%.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients.