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.
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