Laurentian Bank of Canada (TSE:LB) Stock Price Expected to Rise, Scotiabank Analyst Says

by · The Markets Daily

Laurentian Bank of Canada (TSE:LB – Free Report) had its price objective hoisted by Scotiabank from C$26.00 to C$30.00 in a research report released on Monday,BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on the stock. Raymond James boosted their target price on shares of Laurentian Bank of Canada from C$26.00 to C$27.00 in a report on Wednesday, September 4th. Desjardins increased their price objective on Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. BMO Capital Markets lifted their target price on Laurentian Bank of Canada from C$27.00 to C$28.00 in a report on Monday, November 18th. CIBC lowered their price target on shares of Laurentian Bank of Canada from C$30.00 to C$28.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Finally, Cibc World Mkts raised shares of Laurentian Bank of Canada to a “hold” rating in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, Laurentian Bank of Canada has an average rating of “Hold” and a consensus price target of C$27.10.

Get Our Latest Analysis on LB

Laurentian Bank of Canada Trading Up 0.4 %

Laurentian Bank of Canada stock opened at C$29.50 on Monday. The business’s 50 day simple moving average is C$27.18 and its 200 day simple moving average is C$26.63. Laurentian Bank of Canada has a 12 month low of C$24.45 and a 12 month high of C$29.63. The company has a market cap of C$1.30 billion, a price-to-earnings ratio of -47.58, a PEG ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada (TSE:LB – Get Free Report) last announced its quarterly earnings data on Friday, August 30th. The company reported C$0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.85 by C$0.03. The business had revenue of C$256.50 million for the quarter, compared to analysts’ expectations of C$257.90 million. Laurentian Bank of Canada had a negative return on equity of 0.55% and a negative net margin of 1.64%. As a group, equities research analysts forecast that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current fiscal year.

Laurentian Bank of Canada Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were paid a $0.47 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.37%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is -303.23%.

About Laurentian Bank of Canada

(Get Free Report)

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.

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