Analysts Set Laurentian Bank of Canada (TSE:LB) Target Price at C$36.50

Laurentian Bank of Canada (TSE:LB) has been given an average rating of “Reduce” by the four research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$36.50.

Separately, Desjardins set a C$40.50 price objective on shares of Laurentian Bank of Canada and gave the stock a “tender” rating in a research report on Wednesday, August 5th.

Laurentian Bank of Canada Price Performance

Shares of Laurentian Bank of Canada stock opened at C$40.27 on Wednesday. Laurentian Bank of Canada has a 1 year low of C$29.51 and a 1 year high of C$40.78. The firm has a market cap of C$1.80 billion, a PE ratio of 129.90, a P/E/G ratio of 0.76 and a beta of 1.16. The stock has a fifty day moving average price of C$40.30 and a 200-day moving average price of C$40.23.

Laurentian Bank of Canada (TSE:LB) last issued its quarterly earnings results on Friday, May 29th. The company reported C$0.46 earnings per share for the quarter. The company had revenue of C$236.16 million for the quarter. Laurentian Bank of Canada had a net margin of 1.36% and a return on equity of 1.01%. As a group, equities analysts anticipate that Laurentian Bank of Canada will post 3.8414986 EPS for the current fiscal year.

Laurentian Bank of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, August 1st. Investors of record on Saturday, August 1st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Laurentian Bank of Canada’s payout ratio is 606.45%.

About Laurentian Bank of Canada

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada – primarily in Québec and Ontario – as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.