Laurentian Bank of Canada (LB) Price Target Raised to C$66.00

Laurentian Bank of Canada (TSE:LB) had its price objective boosted by CIBC from C$61.00 to C$66.00 in a report released on Monday.

Other equities analysts have also issued reports about the company. Barclays PLC lowered their price target on Laurentian Bank of Canada from C$58.00 to C$57.00 in a research note on Friday, August 11th. Canaccord Genuity boosted their price target on Laurentian Bank of Canada from C$63.00 to C$67.00 in a research note on Wednesday, November 1st. BMO Capital Markets boosted their price target on Laurentian Bank of Canada from C$56.00 to C$57.00 and gave the company a market perform rating in a research note on Wednesday, August 30th. National Bank Financial boosted their price target on Laurentian Bank of Canada from C$58.00 to C$59.00 and gave the company a sector perform rating in a research note on Wednesday, August 30th. Finally, Scotiabank restated a sector perform rating and set a C$60.00 price target on shares of Laurentian Bank of Canada in a research note on Monday, August 21st. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of C$59.70.

Laurentian Bank of Canada (LB) opened at C$59.55 on Monday. Laurentian Bank of Canada has a 12 month low of C$50.60 and a 12 month high of C$61.67.

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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Monday, October 2nd were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $2.48 annualized dividend and a dividend yield of 4.16%. Laurentian Bank of Canada’s dividend payout ratio is currently 55.20%.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.

Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

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