Laurentian Bank of Canada (TSE:LB) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Laurentian Bank of Canada (TSE:LB) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$27.50 and traded as high as C$28.46. Laurentian Bank of Canada shares last traded at C$28.00, with a volume of 343,030 shares traded.

Wall Street Analyst Weigh In

LB has been the topic of several analyst reports. CIBC increased their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Tuesday, November 26th. BMO Capital Markets raised their price target on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Monday, December 9th. Scotiabank raised their target price 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, December 9th. Jefferies Financial Group raised 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 note on Monday, December 9th. Finally, National Bankshares raised 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 report on Monday, December 9th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, Laurentian Bank of Canada currently has an average rating of “Hold” and a consensus target price of C$28.67.

Laurentian Bank of Canada Stock Performance

The firm has a market capitalization of C$1.23 billion, a PE ratio of -45.16, a PEG ratio of 0.76 and a beta of 1.25. The company’s 50-day moving average price is C$29.08 and its 200-day moving average price is C$27.50.

Laurentian Bank of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Friday, January 3rd will be given a $0.47 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.88 dividend on an annualized basis and a yield of 6.71%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently -303.23%.

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.