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

Laurentian Bank of Canada (TSE:LB - Get Free Report) has been assigned a consensus rating of "Reduce" from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$27.63.

A number of research analysts have recently commented on LB shares. Scotiabank lowered their target price 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 cut their price objective on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a research report on Monday, March 3rd. Raymond James decreased their target price on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, March 3rd. Finally, Jefferies Financial Group cut their price target on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, April 21st.

Laurentian Bank of Canada Stock Performance

LB opened at C$27.77 on Wednesday. The firm has a 50-day moving average of C$26.90 and a 200 day moving average of C$27.80. Laurentian Bank of Canada has a fifty-two week low of C$24.37 and a fifty-two week high of C$31.74. The firm has a market cap of C$1.22 billion, a P/E ratio of -221.49, a PEG ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, May 1st were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.88 dividend on an annualized basis and a yield of 6.77%. Laurentian Bank of Canada's dividend payout ratio is currently -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.

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