Laurentian Bank of Canada (LB) PT Lowered to C$55.00

Laurentian Bank of Canada (TSE:LB) had its target price reduced by CSFB from C$57.00 to C$55.00 in a report issued on Tuesday morning.

Other analysts have also issued research reports about the stock. National Bank Financial lifted their price target on shares of Laurentian Bank of Canada from C$59.00 to C$60.00 and gave the company a sector perform rating in a research report on Wednesday, December 6th. Royal Bank of Canada reduced their price target on shares of Laurentian Bank of Canada from C$60.00 to C$55.00 and set a sector perform rating on the stock in a research report on Wednesday, December 6th. BMO Capital Markets raised shares of Laurentian Bank of Canada from a market perform rating to an outperform rating and lifted their price target for the company from C$57.00 to C$62.00 in a research report on Wednesday, December 6th. Canaccord Genuity downgraded shares of Laurentian Bank of Canada from a buy rating to a speculative buy rating and dropped their target price for the company from C$67.00 to C$61.00 in a report on Wednesday, December 6th. Finally, Scotiabank dropped their target price on shares of Laurentian Bank of Canada from C$67.00 to C$64.00 and set a sector perform rating for the company in a report on Wednesday, December 6th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Laurentian Bank of Canada has an average rating of Hold and a consensus price target of C$60.10.

Laurentian Bank of Canada (TSE:LB) traded down C$0.11 during mid-day trading on Tuesday, hitting C$54.95. 686,070 shares of the stock traded hands, compared to its average volume of 431,316. The stock has a market cap of $2,150.00, a price-to-earnings ratio of 10.19 and a beta of 0.48. Laurentian Bank of Canada has a 1 year low of C$51.57 and a 1 year high of C$62.90.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Tuesday, January 2nd will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Friday, December 29th. This is an increase from Laurentian Bank of Canada’s previous quarterly dividend of $0.62. Laurentian Bank of Canada’s dividend payout ratio (DPR) is 45.64%.

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Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.

Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

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