Laurentian Bank of Canada (TSE:LB - Free Report) had its price target trimmed by Jefferies Financial Group from C$29.00 to C$27.00 in a research note published on Monday,BayStreet.CA reports.
Other analysts have also issued research reports about the company. Scotiabank dropped their price objective on Laurentian Bank of Canada from C$33.00 to C$28.00 and set a "sector perform" rating for the company in a research note on Thursday, February 20th. BMO Capital Markets dropped their target price on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a report on Monday, March 3rd. Finally, Raymond James cut their target price on Laurentian Bank of Canada from C$29.00 to C$27.00 in a research note on Monday, March 3rd. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of C$27.63.
Read Our Latest Report on Laurentian Bank of Canada
Laurentian Bank of Canada Price Performance
Laurentian Bank of Canada stock traded down C$0.18 during mid-day trading on Monday, hitting C$26.72. The company's stock had a trading volume of 284,108 shares, compared to its average volume of 202,460. The business has a 50 day moving average price of C$26.78 and a 200-day moving average price of C$27.70. Laurentian Bank of Canada has a 12 month low of C$24.37 and a 12 month high of C$31.74. The stock has a market cap of C$1.18 billion, a price-to-earnings ratio of -213.11, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25.
Laurentian Bank of Canada Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, May 1st will be given a dividend of $0.47 per share. The ex-dividend date is Tuesday, April 1st. This represents a $1.88 annualized dividend and a yield of 7.04%. Laurentian Bank of Canada's payout ratio is -1,499.45%.
About Laurentian Bank of Canada
(
Get Free Report)
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.
Further Reading
Before you consider Laurentian Bank of Canada, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Laurentian Bank of Canada wasn't on the list.
While Laurentian Bank of Canada currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
