Laurentian Bank of Canada (TSE:LB) Price Target Raised to C$29.00

Laurentian Bank of Canada (TSE:LB) had its target price upped by Raymond James from C$27.00 to C$29.00 in a research note published on Monday morning,BayStreet.CA reports. The firm currently has a market perform rating on the stock.

LB has been the subject of several other reports. CIBC boosted their target price on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Tuesday, November 26th. Cibc World Mkts raised shares of Laurentian Bank of Canada to a “hold” rating in a research report on Wednesday, August 21st. Scotiabank upped their price objective on shares of Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the stock a “sector perform” rating in a report on Monday. BMO Capital Markets upped their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$28.00 in a report on Monday, November 18th. Finally, National Bankshares upped their price objective on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an “underperform” rating in a report on Monday. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$28.67.

Laurentian Bank of Canada Stock Performance

The firm has a market cap of C$1.31 billion, a price-to-earnings ratio of -48.34, a PEG ratio of 0.76 and a beta of 1.25. The company has a fifty day moving average of C$27.50 and a 200 day moving average of C$26.75. Laurentian Bank of Canada has a 12 month low of C$24.45 and a 12 month high of C$31.74.

Laurentian Bank of Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Friday, January 3rd will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of ∞. Laurentian Bank of Canada’s dividend payout ratio is -303.23%.

About Laurentian Bank of Canada

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.