Laurentian Bank of Canada (TSE:LB) Given Consensus Rating of "Reduce" by Brokerages

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

A number of equities analysts have issued reports on the stock. BMO Capital Markets reduced their price target 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 dropped their price target on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday, March 3rd. Jefferies Financial Group lowered their target price on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research note on Monday, April 21st. Finally, Scotiabank reduced their price target on Laurentian Bank of Canada from C$33.00 to C$28.00 and set a "sector perform" rating for the company in a report on Thursday, February 20th.

Laurentian Bank of Canada Trading Down 0.6 %

Shares of LB stock traded down C$0.17 during trading hours on Friday, reaching C$27.19. 20,892 shares of the company's stock were exchanged, compared to its average volume of 198,734. The company has a market cap of C$1.20 billion, a price-to-earnings ratio of -216.86, a P/E/G ratio of 0.76 and a beta of 1.25. The stock's 50 day moving average is C$26.76 and its 200-day moving average is C$27.72. Laurentian Bank of Canada has a fifty-two week low of C$24.37 and a fifty-two week high of C$31.74.

Laurentian Bank of Canada Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, May 1st will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.91%. Laurentian Bank of Canada's dividend payout ratio (DPR) is presently -1,499.45%.

About Laurentian Bank of Canada

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.