Analysts Set Laurentian Bank of Canada (TSE:LB) Target Price at C$30.71

Laurentian Bank of Canada (TSE:LB) has received a consensus rating of “Reduce” from the seven brokerages that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$30.71.

Several analysts have weighed in on the company. Scotiabank lifted their target price on Laurentian Bank of Canada from C$32.00 to C$33.00 in a research note on Friday, October 10th. Desjardins lifted their target price on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the company a “sell” rating in a research note on Wednesday, August 13th. National Bankshares cut their target price on Laurentian Bank of Canada from C$27.00 to C$26.00 and set an “underperform” rating on the stock in a research note on Tuesday, September 2nd. Raymond James Financial lifted their price target on Laurentian Bank of Canada from C$28.00 to C$30.00 and gave the company a “market perform” rating in a research report on Tuesday, September 2nd. Finally, CIBC lifted their price target on Laurentian Bank of Canada from C$33.00 to C$35.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th.

Laurentian Bank of Canada Price Performance

Shares of Laurentian Bank of Canada stock opened at C$31.81 on Friday. The business’s fifty day moving average price is C$31.99 and its two-hundred day moving average price is C$30.11. The company has a market capitalization of C$1.41 billion, a P/E ratio of 10.43, a PEG ratio of 0.76 and a beta of 1.43. Laurentian Bank of Canada has a 1-year low of C$24.37 and a 1-year high of C$34.10.

Laurentian Bank of Canada (TSE:LB) last announced its earnings results on Friday, August 29th. The company reported C$0.73 earnings per share for the quarter, beating the consensus estimate of C$0.72 by C$0.01. Laurentian Bank of Canada had a negative return on equity of 0.20% and a negative net margin of 0.30%.During the same quarter in the prior year, the company posted $0.88 EPS. On average, research analysts expect that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current fiscal year.

Laurentian Bank of Canada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, November 1st. Stockholders of record on Saturday, November 1st will be given a dividend of $0.47 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.88 annualized dividend and a dividend yield of 5.9%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is 61.64%.

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.