Laurentian Bank of Canada (TSE:LB)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity in a report released on Tuesday. They currently have a C$54.00 target price on the stock. Canaccord Genuity’s target price suggests a potential upside of 8.13% from the stock’s previous close.
Several other research firms also recently issued reports on LB. Royal Bank Of Canada upped their price objective on shares of Laurentian Bank of Canada from C$52.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Thursday, September 1st. Scotiabank reduced their price target on shares of Laurentian Bank of Canada from C$55.00 to C$54.00 and set an “outperform” rating for the company in a report on Tuesday, July 26th. CIBC increased their price target on shares of Laurentian Bank of Canada from C$51.00 to C$52.00 in a report on Thursday, June 2nd. Desjardins reissued a “hold” rating on shares of Laurentian Bank of Canada in a report on Wednesday, July 20th. Finally, Barclays PLC reduced their price target on shares of Laurentian Bank of Canada from C$49.00 to C$48.00 and set an “underweight” rating for the company in a report on Thursday, September 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$52.22.
Shares of Laurentian Bank of Canada (TSE:LB) opened at 49.94 on Tuesday. The stock has a 50 day moving average of $48.77 and a 200 day moving average of $49.09. Laurentian Bank of Canada has a 52-week low of $42.42 and a 52-week high of $55.82. The company has a market cap of $1.52 billion and a P/E ratio of 14.43.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Tuesday, November 1st will be issued a $0.60 dividend. The ex-dividend date is Thursday, September 29th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.81%.
About Laurentian Bank of Canada
Laurentian Bank of Canada is a Canada-based chartered bank. The Bank, through its subsidiaries, provides banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors, and operates as a full-service brokerage firm. It operates through three business segments: Personal & Commercial, B2B Bank, and Laurentian Bank Securities & Capital Markets.
Receive News & Ratings for Laurentian Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laurentian Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.