Shares of Laurentian Bank of Canada (TSE:LB - Get Free Report) 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 changing hands.
Analyst Ratings Changes
LB has been the topic of a number of research analyst reports. 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 note on Monday, March 3rd. Jefferies Financial Group reduced their price objective on Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday, April 21st. National Bankshares upped their target price on Laurentian Bank of Canada from C$25.00 to C$28.00 and gave the stock an "underperform" rating in a report on Tuesday, June 3rd. Desjardins lifted their price target on Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a "sell" rating in a research note on Tuesday, June 3rd. Finally, Scotiabank upped their price objective on Laurentian Bank of Canada from C$28.00 to C$32.00 and gave the company a "sector perform" rating in a research note on Tuesday, June 3rd. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, Laurentian Bank of Canada currently has a consensus rating of "Hold" and an average price target of C$29.57.
View Our Latest Report on LB
Laurentian Bank of Canada Stock Up 0.0%
The company has a market cap of C$1.35 billion, a price-to-earnings ratio of -245.58, a PEG ratio of 0.76 and a beta of 1.25. The firm has a 50 day moving average price of C$28.45 and a two-hundred day moving average price of C$28.03.
Laurentian Bank of Canada Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, May 1st were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, April 1st. This represents a $1.88 annualized dividend and a yield of 6.11%. Laurentian Bank of Canada's payout ratio is -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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