Laurentian Bank of Canada - LB Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laurentian Bank of Canada in the last year. There are currently 3 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" LB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LB, but not buy additional shares or sell existing shares.
View LB analyst ratings or view top-rated stocks.

9 Wall Street analysts have issued 12-month price objectives for Laurentian Bank of Canada's stock. Their LB share price forecasts range from C$39.00 to C$53.00. On average, they predict the company's stock price to reach C$43.20 in the next twelve months. This suggests a possible upside of 45.8% from the stock's current price.
View analysts price targets for LB or view top-rated stocks among Wall Street analysts.

Laurentian Bank of Canada's stock was trading at C$40.17 at the beginning of the year. Since then, LB shares have decreased by 26.3% and is now trading at C$29.62.
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The company is scheduled to release its next quarterly earnings announcement on Friday, December 9th 2022.
View our LB earnings forecast.

Laurentian Bank of Canada declared a quarterly dividend on Thursday, September 29th. Investors of record on Tuesday, November 1st will be given a dividend of 0.45 per share on Tuesday, November 1st. This represents a $1.80 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for LB.

Laurentian Bank of Canada (TSE:LB) pays an annual dividend of C$1.73 per share and currently has a dividend yield of 6.01%. LB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 134.11%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for LB.

Based on aggregate information from My MarketBeat watchlists, some companies that other Laurentian Bank of Canada investors own include CA (CA), Hawkins (HWKN), BlackRock (BLK), Endologix (ELGX), Intact Financial (IFC), Constellation Software (CSU), Athabasca Oil (ATH), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW) and NIC (EGOV).

Laurentian Bank of Canada trades on the Toronto Stock Exchange (TSX) under the ticker symbol "LB."

Shares of LB stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of LB stock can currently be purchased for approximately C$29.62.

Laurentian Bank of Canada (TSE:LB) has a market capitalization of C$1.28 billion and generates C$963.60 million in revenue each year.

The company employs 2,900 workers across the globe.

Laurentian Bank of Canada's mailing address is Tour Banque Laurentienne 1420-1981 McGill College Ave, MONTREAL, QC H3A 3K3, Canada. The official website for the company is www.laurentianbank.ca. The company can be reached via phone at +1-514-2844500.