Laurentian Bank of Canada (TSE:LB) Price Target Raised to C$30.00

Laurentian Bank of Canada (TSE:LB) had its price objective boosted by Jefferies Financial Group from C$29.00 to C$30.00 in a research note issued to investors on Monday,BayStreet.CA reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other brokerages have also recently commented on LB. Raymond James increased their price target on Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a “market perform” rating in a research report on Monday. BMO Capital Markets increased their price objective on Laurentian Bank of Canada from C$27.00 to C$28.00 in a report on Monday, November 18th. CIBC boosted their target price on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Tuesday, November 26th. Cibc World Mkts upgraded shares of Laurentian Bank of Canada to a “hold” rating in a research note on Wednesday, August 21st. Finally, Scotiabank boosted 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 research note on Monday. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$28.67.

Laurentian Bank of Canada Price Performance

Shares of TSE:LB opened at C$30.36 on Monday. The company’s 50-day moving average price is C$27.63 and its two-hundred day moving average price is C$26.79. Laurentian Bank of Canada has a one year low of C$24.45 and a one year high of C$31.74. The stock has a market capitalization of C$1.33 billion, a PE ratio of -48.97, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.19%. Laurentian Bank of Canada’s dividend payout ratio is presently -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.