Laurentian Bank of Canada (TSE:LB) Receives Consensus Rating of "Reduce" from Brokerages

Laurentian Bank of Canada (TSE:LB - Get Free Report) has been assigned an average rating of "Reduce" from the eight analysts that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$27.13.

Several analysts recently issued reports on the company. CIBC cut their price target on Laurentian Bank of Canada from C$31.00 to C$29.00 in a report on Thursday. Raymond James dropped their target price on Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday, March 3rd. BMO Capital Markets reduced their price target on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a report on Monday, March 3rd. Scotiabank lowered their price target on shares of Laurentian Bank of Canada from C$33.00 to C$28.00 and set a "sector perform" rating for the company in a research report on Thursday, February 20th. Finally, National Bankshares cut their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$25.00 and set an "underperform" rating on the stock in a research report on Thursday.

Laurentian Bank of Canada Trading Up 0.4%

Laurentian Bank of Canada stock traded up C$0.10 during midday trading on Wednesday, hitting C$28.27. The stock had a trading volume of 70,465 shares, compared to its average volume of 192,807. The business has a fifty day moving average price of C$26.99 and a 200 day moving average price of C$27.84. 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$1.24 billion, a P/E ratio of -225.48, a P/E/G ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, May 1st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date was Tuesday, April 1st. Laurentian Bank of Canada's dividend payout ratio (DPR) is -1,499.45%.

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.