Laurentian Bank of Canada (TSE:LB) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Laurentian Bank of Canada (TSE:LB) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$27.60 and traded as high as C$28.08. Laurentian Bank of Canada shares last traded at C$27.76, with a volume of 139,298 shares.

Analyst Upgrades and Downgrades

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

Laurentian Bank of Canada Stock Down 0.1 %

The stock has a market capitalization of C$1.22 billion, a PE ratio of -221.41, a PEG ratio of 0.76 and a beta of 1.25. The firm’s fifty day moving average price is C$28.68 and its two-hundred day moving average price is C$27.60.

Laurentian Bank of Canada Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, February 1st. Investors of record on Friday, January 3rd were issued a $0.47 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.88 dividend on an annualized basis and a yield of 6.77%. Laurentian Bank of Canada’s dividend payout ratio is currently -1,499.45%.

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.