Analysts Set Laurentian Bank of Canada (LB) Price Target at $59.00

Shares of Laurentian Bank of Canada (TSE:LB) have earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the company. Three analysts have rated the stock with a hold rating. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$59.00.

LB has been the topic of a number of analyst reports. Canaccord Genuity increased their price objective on Laurentian Bank of Canada from C$58.00 to C$62.00 in a research note on Friday, January 13th. CSFB increased their price objective on Laurentian Bank of Canada from C$52.00 to C$57.00 in a research note on Tuesday, January 17th. TD Securities decreased their price objective on Laurentian Bank of Canada from C$65.00 to C$61.00 and set a “hold” rating on the stock in a research note on Wednesday, March 1st. Barclays PLC increased their price objective on Laurentian Bank of Canada from C$56.00 to C$59.00 in a research note on Wednesday, March 1st. Finally, National Bank Financial decreased their price objective on Laurentian Bank of Canada from C$64.00 to C$61.00 in a research note on Wednesday, March 1st.

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Shares of Laurentian Bank of Canada (TSE:LB) traded down 0.18% during mid-day trading on Tuesday, reaching $55.84. 229,404 shares of the company’s stock were exchanged. The stock has a market cap of $1.90 billion and a price-to-earnings ratio of 12.36. The stock has a 50 day moving average price of $58.48 and a 200 day moving average price of $56.41. Laurentian Bank of Canada has a 52 week low of $47.67 and a 52 week high of $61.67.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 1st. Investors of record on Monday, May 1st will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Thursday, March 30th.

About Laurentian Bank of Canada

Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.

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