Laurentian Bank of Canada (TSE:LB) PT Raised to C$27.00

Laurentian Bank of Canada (TSE:LB) had its target price raised by Raymond James from C$26.00 to C$27.00 in a report issued on Wednesday, BayStreet.CA reports. Raymond James also issued estimates for Laurentian Bank of Canada’s Q4 2024 earnings at $0.95 EPS, FY2024 earnings at $3.63 EPS, Q1 2025 earnings at $0.84 EPS, Q2 2025 earnings at $1.01 EPS, Q3 2025 earnings at $0.96 EPS, Q4 2025 earnings at $1.04 EPS and FY2025 earnings at $3.84 EPS.

A number of other equities research analysts have also issued reports on the stock. Desjardins upped their target price on shares of Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the stock a sell rating in a report on Tuesday, August 6th. National Bankshares cut their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$26.00 and set an underperform rating for the company in a report on Monday, June 3rd. Royal Bank of Canada lowered their target price on Laurentian Bank of Canada from C$26.00 to C$25.00 and set an underperform rating on the stock in a report on Monday, June 3rd. Cibc World Mkts raised Laurentian Bank of Canada to a hold rating in a report on Wednesday, August 21st. Finally, Jefferies Financial Group lowered their price objective on Laurentian Bank of Canada from C$28.00 to C$26.00 and set a hold rating on the stock in a research note on Thursday, June 6th. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of C$27.42.

Laurentian Bank of Canada Price Performance

Laurentian Bank of Canada stock opened at C$26.11 on Wednesday. Laurentian Bank of Canada has a 12 month low of C$24.45 and a 12 month high of C$36.75. The stock has a market capitalization of C$1.15 billion, a PE ratio of -42.11, a price-to-earnings-growth ratio of 0.76 and a beta of 1.24. The business has a 50 day simple moving average of C$26.28 and a 200-day simple moving average of C$26.59.

Laurentian Bank of Canada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 1st will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 7.20%. The ex-dividend date is Tuesday, October 1st. Laurentian Bank of Canada’s payout ratio is -303.23%.

About Laurentian Bank of Canada

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.