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 Ratings Changes
A number of equities analysts have commented on the stock. Raymond James upped their price objective 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 research report on Tuesday, June 3rd. Scotiabank upped their price objective on shares of Laurentian Bank of Canada from C$28.00 to C$32.00 and gave the stock a "sector perform" rating in a research report on Tuesday, June 3rd. Jefferies Financial Group cut their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday, April 21st. CIBC upped their price objective on shares of Laurentian Bank of Canada from C$28.00 to C$33.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Finally, National Bankshares upped their price target on shares of Laurentian Bank of Canada from C$25.00 to C$28.00 and gave the stock an "underperform" rating in a research note on Tuesday, June 3rd. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of C$29.57.
View Our Latest Analysis on Laurentian Bank of Canada
Laurentian Bank of Canada Trading Up 0.5%
The stock has a market capitalization of C$1.33 billion, a price-to-earnings ratio of -240.63, a PEG ratio of 0.76 and a beta of 1.25. The stock's 50 day moving average is C$27.96 and its 200 day moving average is C$28.00.
Laurentian Bank of Canada Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors 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 6.23%. Laurentian Bank of Canada's payout ratio is -1,499.45%.
Laurentian Bank of Canada Company Profile
(
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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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