Analysts Set Laurentian Bank of Canada (TSE:LB) Target Price at C$37.29

Laurentian Bank of Canada (TSE:LB) has been given an average rating of “Reduce” by the four research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$37.29.

Separately, Desjardins set a C$40.50 price target 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 Stock Performance

TSE LB opened at C$40.62 on Friday. Laurentian Bank of Canada has a one year low of C$30.40 and a one year high of C$40.78. The company has a market capitalization of C$1.82 billion, a price-to-earnings ratio of 131.03, a price-to-earnings-growth ratio of 0.76 and a beta of 1.16. The company’s 50-day simple moving average is C$40.30 and its two-hundred day simple moving average is C$40.27.

Laurentian Bank of Canada (TSE:LB) last issued its quarterly earnings data on Friday, August 28th. The company reported C$0.51 EPS for the quarter. The company had revenue of C$241.73 million during the quarter. Laurentian Bank of Canada had a negative net margin of 0.41% and a negative return on equity of 0.30%. Equities analysts expect that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current fiscal year.

Laurentian Bank of Canada Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, August 1st. Stockholders of record on Saturday, August 1st were given a $0.47 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.6%. Laurentian Bank of Canada’s payout ratio is 606.45%.

Laurentian Bank of Canada Company Profile

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.