Shares of Laurentian Bank of Canada (TSE:LB – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$26.71 and traded as high as C$26.74. Laurentian Bank of Canada shares last traded at C$26.47, with a volume of 97,094 shares.
Analysts Set New Price Targets
LB has been the subject of a number of research reports. Royal Bank of Canada dropped their price objective on shares of Laurentian Bank of Canada from C$26.00 to C$25.00 and set an “underperform” rating for the company in a report on Monday, June 3rd. Cormark dropped their price objective on shares of Laurentian Bank of Canada from C$28.00 to C$26.00 in a report on Friday, March 1st. Desjardins lowered their price target on shares of Laurentian Bank of Canada from C$26.00 to C$25.00 and set a “sell” rating for the company in a report on Tuesday, June 4th. National Bankshares dropped their price target on shares of Laurentian Bank of Canada from C$27.00 to C$26.00 and set an “underperform” rating on the stock in a research report on Monday, June 3rd. Finally, Jefferies Financial Group decreased their price objective on shares of Laurentian Bank of Canada from C$28.00 to C$26.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$28.31.
View Our Latest Research Report on LB
Laurentian Bank of Canada Stock Performance
Laurentian Bank of Canada Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Tuesday, July 2nd will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date of this dividend is Tuesday, July 2nd. Laurentian Bank of Canada’s dividend payout ratio (DPR) is currently 52.96%.
Laurentian Bank of Canada Company Profile
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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