Laurentian Bank of Canada (TSE:LB) Price Target Raised to C$28.00

Laurentian Bank of Canada (TSE:LB - Free Report) had its price objective boosted by National Bankshares from C$25.00 to C$28.00 in a report published on Tuesday morning,BayStreet.CA reports. The firm currently has an underperform rating on the stock.

Other equities analysts have also issued research reports about the stock. Scotiabank upped their price target 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. Jefferies Financial Group lowered their price target on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday, April 21st. Raymond James lowered their price target on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday, March 3rd. CIBC lowered their price target on shares of Laurentian Bank of Canada from C$31.00 to C$29.00 in a research report on Thursday, May 22nd. Finally, BMO Capital Markets lowered their price target on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a research report on Monday, March 3rd. Two investment 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 has a consensus rating of "Hold" and a consensus price target of C$29.57.

Laurentian Bank of Canada Stock Performance

Shares of Laurentian Bank of Canada stock traded down C$0.12 during trading on Tuesday, hitting C$30.02. 163,543 shares of the stock were exchanged, compared to its average volume of 202,767. The stock's fifty day moving average is C$27.26 and its 200 day moving average is C$27.93. The stock has a market cap of C$1.32 billion, a PE ratio of -239.43, a P/E/G ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a 12 month low of C$24.37 and a 12 month high of C$31.74.

Laurentian Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, May 1st were given a $0.47 dividend. The ex-dividend date 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 is presently -1,499.45%.

Laurentian Bank of Canada Company Profile

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.