Laurentian Bank of Canada (TSE:LB - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$28.01 and traded as high as C$30.12. Laurentian Bank of Canada shares last traded at C$30.07, with a volume of 184,771 shares traded.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Raymond James raised their price target on shares of Laurentian Bank of Canada from C$27.00 to C$28.00 and gave the stock a "market perform" rating in a report on Tuesday, June 3rd. Veritas upgraded Laurentian Bank of Canada to a "strong sell" rating in a research note on Monday, June 2nd. Jefferies Financial Group dropped their price target on Laurentian Bank of Canada from C$29.00 to C$27.00 in a research note on Monday, April 21st. CIBC increased their target price on Laurentian Bank of Canada from C$28.00 to C$33.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Finally, BMO Capital Markets decreased their price target on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a research note on Monday, March 3rd. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of C$29.57.
Check Out Our Latest Research Report on LB
Laurentian Bank of Canada Stock Performance
The stock has a market cap of C$1.32 billion, a PE ratio of -239.35, a P/E/G ratio of 0.76 and a beta of 1.25. The business has a 50 day moving average price of C$27.76 and a two-hundred day moving average price of C$28.01.
Laurentian Bank of Canada Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, May 1st were paid a $0.47 dividend. 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 6.26%. Laurentian Bank of Canada's dividend payout ratio (DPR) is presently -1,499.45%.
About Laurentian Bank of Canada
(
Get Free Report)
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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