Laurentian Bank of Canada (LB) Rating Reiterated by CSFB
Laurentian Bank of Canada (TSE:LB)‘s stock had its “underperform” rating reiterated by stock analysts at CSFB in a report issued on Tuesday. They currently have a C$52.00 target price on the stock. CSFB’s price target would suggest a potential upside of 2.52% from the company’s current price.
Other equities analysts have also issued research reports about the stock. CIBC boosted their price target on shares of Laurentian Bank of Canada from C$52.00 to C$53.00 in a report on Thursday, September 1st. TD Securities raised shares of Laurentian Bank of Canada from a “hold” rating to a “buy” rating in a report on Tuesday, October 4th. Canaccord Genuity reissued a “buy” rating and issued a C$54.00 price target on shares of Laurentian Bank of Canada in a report on Tuesday, September 27th. Desjardins reissued a “hold” rating on shares of Laurentian Bank of Canada in a report on Wednesday, July 20th. Finally, Scotiabank decreased their price target on shares of Laurentian Bank of Canada from C$55.00 to C$54.00 and set an “outperform” rating for the company in a report on Tuesday, July 26th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$52.22.
Laurentian Bank of Canada (TSE:LB) opened at 50.72 on Tuesday. The firm’s 50-day moving average price is $49.51 and its 200 day moving average price is $49.41. Laurentian Bank of Canada has a 12-month low of $42.42 and a 12-month high of $55.82. The company has a market capitalization of $1.55 billion and a price-to-earnings ratio of 14.65.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Tuesday, November 1st were given a dividend of $0.60 per share. The ex-dividend date was Thursday, September 29th. This represents a $2.40 annualized dividend and a yield of 4.73%.
Laurentian Bank of Canada Company Profile
Laurentian Bank of Canada is a Canada-based chartered bank. The Bank, through its subsidiaries, provides banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors, and operates as a full-service brokerage firm. It operates through three business segments: Personal & Commercial, B2B Bank, and Laurentian Bank Securities & Capital Markets.
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