Laurentian Bank of Canada (TSE:LB) had its target price upped by stock analysts at Canaccord Genuity from C$54.00 to C$57.00 in a research report issued on Tuesday. Canaccord Genuity’s price objective indicates a potential upside of 6.52% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. CSFB restated an “underperform” rating and set a C$52.00 target price on shares of Laurentian Bank of Canada in a research note on Tuesday, November 15th. CIBC boosted their target price on Laurentian Bank of Canada from C$52.00 to C$53.00 in a research note on Thursday, September 1st. National Bank Financial decreased their target price on Laurentian Bank of Canada from C$53.00 to C$52.00 and set a “sector perform” rating for the company in a research note on Thursday, September 1st. Scotiabank cut Laurentian Bank of Canada from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, August 19th. Finally, Barclays PLC decreased their target price on Laurentian Bank of Canada from C$49.00 to C$48.00 and set an “underweight” rating for the company in a research note on Thursday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of C$52.56.

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

Shares of Laurentian Bank of Canada (TSE:LB) opened at 53.51 on Tuesday. The stock’s 50 day moving average is $49.95 and its 200-day moving average is $49.52. The firm has a market cap of $1.63 billion and a PE ratio of 15.46. Laurentian Bank of Canada has a 52 week low of $42.42 and a 52 week high of $55.82.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Tuesday, November 1st were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date was Thursday, September 29th.

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About Laurentian Bank of Canada

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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