Shares of Laurentian Bank of Canada (TSE:LB) have earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the firm. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$52.63.

Several equities analysts have recently commented on the stock. CSFB restated an “underperform” rating and set a C$52.00 price target on shares of Laurentian Bank of Canada in a research report on Tuesday, November 15th. CIBC upped their price target on shares of Laurentian Bank of Canada from C$52.00 to C$53.00 in a research report on Thursday, September 1st. Canaccord Genuity restated a “buy” rating and set a C$54.00 price target on shares of Laurentian Bank of Canada in a research report on Tuesday, September 27th. National Bank Financial decreased their target price on shares of Laurentian Bank of Canada from C$53.00 to C$52.00 and set a “sector perform” rating for the company in a research report on Thursday, September 1st. Finally, Scotiabank lowered shares of Laurentian Bank of Canada from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, August 19th.

Laurentian Bank of Canada (TSE:LB) opened at 53.51 on Tuesday. The firm has a market cap of $1.63 billion and a PE ratio of 15.46. The firm’s 50-day moving average is $50.07 and its 200-day moving average is $49.55. Laurentian Bank of Canada has a 12 month low of $42.42 and a 12 month high of $55.82.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Tuesday, November 1st were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $2.40 annualized dividend and a dividend yield of 4.49%.

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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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