Laurentian Bank of Canada (TSE:LB - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$28.03 and traded as high as C$30.54. Laurentian Bank of Canada shares last traded at C$30.51, with a volume of 164,088 shares traded.
Wall Street Analyst Weigh In
LB has been the topic of several research reports. BMO Capital Markets cut their target price on Laurentian Bank of Canada from C$31.00 to C$30.00 in a research report on Monday, March 3rd. Jefferies Financial Group cut their price target on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, April 21st. National Bankshares raised 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 report on Tuesday, June 3rd. Raymond James Financial upped their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$28.00 and gave the company a "market perform" rating in a report on Tuesday, June 3rd. Finally, Desjardins increased their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the stock a "sell" rating in a research note on Tuesday, June 3rd. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of C$29.57.
Get Our Latest Analysis on Laurentian Bank of Canada
Laurentian Bank of Canada Price Performance
The stock has a fifty day simple moving average of C$28.61 and a 200-day simple moving average of C$28.07. The company has a market capitalization of C$1.37 billion, a price-to-earnings ratio of -248.93, a P/E/G ratio of 0.76 and a beta of 1.25.
Laurentian Bank of Canada Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, May 1st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend was Tuesday, April 1st. Laurentian Bank of Canada's payout ratio is currently -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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