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

Key Points

• Analyst consensus: MarketBeat reports an average rating of "Strong Sell" from five brokers (three sell, two hold) with a 12‑month average price target of C$36.44, below the recent open of C$40.24.
• Desjardins lowered its target from C$50 to C$40 and assigned a "tender" rating on February 9, reflecting reduced upside from prior estimates.
• Laurentian pays a quarterly dividend of $0.47 (annualized C$1.88) for a yield of 4.7%, but the dividend payout ratio is 125.33%, indicating potential sustainability concerns; ex-dividend date is April 1 and payment is May 1.

Laurentian Bank of Canada (TSE:LB - Get Free Report) has earned an average rating of "Strong Sell" from the five ratings firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$36.44.

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

Laurentian Bank of Canada Price Performance

Shares of Laurentian Bank of Canada stock opened at C$40.24 on Friday. Laurentian Bank of Canada has a 1-year low of C$25.69 and a 1-year high of C$40.49. The business's fifty day moving average price is C$40.16 and its two-hundred day moving average price is C$37.56. The company has a market capitalization of C$1.80 billion, a P/E ratio of 26.83, a PEG ratio of 0.76 and a beta of 1.13.

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

Laurentian Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, May 1st will be issued a $0.47 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $1.88 annualized dividend and a dividend yield of 4.7%. Laurentian Bank of Canada's dividend payout ratio (DPR) is 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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