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

Laurentian Bank of Canada (TSE:LB - Get Free Report) has received an average rating of "Strong Sell" from the five analysts that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$36.44.

Separately, Desjardins decreased their target price on Laurentian Bank of Canada from C$50.00 to C$40.00 and set a "tender" rating for the company in a report on Monday, February 9th.

Laurentian Bank of Canada Stock Down 0.3%

Shares of Laurentian Bank of Canada stock opened at C$40.27 on Wednesday. The company has a market cap of C$1.80 billion, a PE ratio of 26.85, a P/E/G ratio of 0.76 and a beta of 1.23. The business has a 50 day moving average of C$40.22 and a 200 day moving average of C$38.44. Laurentian Bank of Canada has a 52 week low of C$26.95 and a 52 week high of C$40.49.

Laurentian Bank of Canada (TSE:LB - Get Free Report) last announced its earnings results on Friday, February 27th. The company reported C$0.65 EPS for the quarter. The company had revenue of C$251.56 million during the quarter. Laurentian Bank of Canada had a return on equity of 2.86% and a net margin of 3.72%. On average, research analysts anticipate that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current year.

Laurentian Bank of Canada Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, May 1st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Wednesday, April 1st. Laurentian Bank of Canada's dividend payout ratio is currently 125.33%.

Laurentian Bank of Canada Company Profile

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada - primarily in Québec and Ontario - as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.

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