Laurentian Bank of Canada (TSE:LB) Given Average Recommendation of “Strong Sell” by Analysts

Shares of Laurentian Bank of Canada (TSE:LB) have been assigned a consensus recommendation of “Strong Sell” from the five research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$36.44.

Separately, Desjardins cut their target price on shares of Laurentian Bank of Canada from C$50.00 to C$40.00 and set a “tender” rating for the company in a research note on Monday, February 9th.

Laurentian Bank of Canada Price Performance

Shares of LB stock opened at C$40.27 on Wednesday. The company has a market capitalization of C$1.80 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 0.76 and a beta of 1.23. Laurentian Bank of Canada has a one year low of C$27.06 and a one year high of C$40.49. The company’s fifty day moving average price is C$40.23 and its 200-day moving average price is C$38.56.

Laurentian Bank of Canada (TSE:LB) last announced its quarterly earnings data on Friday, February 27th. The company reported C$0.65 EPS for the quarter. The firm had revenue of C$251.56 million for the quarter. Laurentian Bank of Canada had a net margin of 3.72% and a return on equity of 2.86%. Equities research analysts expect that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current fiscal year.

Laurentian Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, May 1st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Wednesday, April 1st. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently 125.33%.

About Laurentian Bank of Canada

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.