Laurentian Bank of Canada (TSE:LB) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Laurentian Bank of Canada (TSE:LB)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$27.41 and traded as high as C$29.12. Laurentian Bank of Canada shares last traded at C$29.07, with a volume of 113,302 shares changing hands.

Analyst Ratings Changes

LB has been the subject of a number of research analyst reports. National Bankshares lifted their price target on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an “underperform” rating in a research note on Monday, December 9th. Jefferies Financial Group boosted their target price on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. CIBC increased their price target on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Tuesday, November 26th. BMO Capital Markets lifted their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Monday, December 9th. Finally, Scotiabank upped their price objective on Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the company a “sector perform” rating in a research note on Monday, December 9th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$28.67.

Laurentian Bank of Canada Trading Up 1.0 %

The firm has a market capitalization of C$1.28 billion, a price-to-earnings ratio of -46.89, a PEG ratio of 0.76 and a beta of 1.25. The business has a 50-day moving average price of C$29.05 and a two-hundred day moving average price of C$27.41.

Laurentian Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Friday, January 3rd will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.47%. The ex-dividend date of this dividend is Friday, January 3rd. 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.