Laurentian Bank of Canada (TSE:LB) Price Target Lowered to C$30.00 at BMO Capital Markets

Laurentian Bank of Canada (TSE:LB) had its target price cut by BMO Capital Markets from C$31.00 to C$30.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.

LB has been the subject of a number of other reports. CIBC upped their target price on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Tuesday, November 26th. 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 report on Monday, December 9th. Scotiabank dropped their price objective on Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Thursday, February 20th. Jefferies Financial Group lifted 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. Finally, Raymond James reduced their price objective on Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$28.00.

Laurentian Bank of Canada Trading Down 0.4 %

Shares of TSE:LB opened at C$26.68 on Monday. The firm has a 50 day simple moving average of C$28.26 and a 200-day simple moving average of C$27.70. The company has a market capitalization of C$1.17 billion, a PE ratio of -212.79, a P/E/G ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a twelve month low of C$24.45 and a twelve month high of C$31.74.

Laurentian Bank of Canada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 15th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 7.05%. The ex-dividend date of this dividend is Friday, March 7th. Laurentian Bank of Canada’s payout ratio is currently -1,499.45%.

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.