Laurentian Bank of Canada (TSE:LB) Receives Average Rating of “Strong Sell” from Analysts

Shares of Laurentian Bank of Canada (TSE:LB) have been assigned an average rating of “Strong Sell” from the five analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$36.44.

Separately, Desjardins decreased their price target on shares of Laurentian Bank of Canada from C$50.00 to C$40.00 and set a “tender” rating on the stock in a report on Monday, February 9th.

Laurentian Bank of Canada Stock Performance

Shares of TSE LB opened at C$40.27 on Wednesday. Laurentian Bank of Canada has a 1 year low of C$27.27 and a 1 year high of C$40.49. The firm’s 50 day moving average price is C$40.23 and its 200 day moving average price is C$38.73. The firm has a market cap of C$1.80 billion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 0.76 and a beta of 1.23.

Laurentian Bank of Canada (TSE:LB) last announced its earnings results on Friday, February 27th. The company reported C$0.65 earnings per share (EPS) for the quarter. Laurentian Bank of Canada had a net margin of 3.72% and a return on equity of 2.86%. The firm had revenue of C$251.56 million for the quarter. As a group, equities analysts predict that Laurentian Bank of Canada will post 3.8414986 EPS for the current year.

Laurentian Bank of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, May 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 was Wednesday, April 1st. Laurentian Bank of Canada’s dividend payout ratio (DPR) is 125.33%.

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.