Laurentian Bank of Canada (TSE:LB) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Laurentian Bank of Canada (TSE:LB) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$27.60 and traded as high as C$28.08. Laurentian Bank of Canada shares last traded at C$27.76, with a volume of 139,298 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. CIBC upped their price objective on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Tuesday, November 26th. Jefferies Financial Group boosted their target price on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the company a “hold” rating in a research report on Monday, December 9th. National Bankshares lifted their target price on Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the company an “underperform” rating in a research report on Monday, December 9th. Raymond James boosted their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the stock a “market perform” rating in a research note on Monday, December 9th. Finally, BMO Capital Markets increased their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$28.67.

Laurentian Bank of Canada Stock Up 0.1 %

The business’s 50-day simple moving average is C$28.58 and its two-hundred day simple moving average is C$27.61. The firm has a market capitalization of C$1.23 billion, a price-to-earnings ratio of -222.53, a PEG ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Shareholders of record on Friday, January 3rd were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.74%. The ex-dividend date was Friday, January 3rd. Laurentian Bank of Canada’s dividend payout ratio is presently -1,499.45%.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.