Laurentian Bank of Canada (TSE:LB) had its target price trimmed by Desjardins from C$59.00 to C$57.00 in a research note published on Tuesday morning. Desjardins also issued estimates for Laurentian Bank of Canada’s Q1 2018 earnings at $1.46 EPS, Q2 2018 earnings at $1.46 EPS, Q3 2018 earnings at $1.56 EPS, Q4 2018 earnings at $1.52 EPS, FY2018 earnings at $6.01 EPS and FY2019 earnings at $6.40 EPS.
Several other research analysts have also commented on the stock. Barclays upgraded shares of Laurentian Bank of Canada from an equal weight rating to an outperform rating in a research note on Tuesday, December 19th. TD Securities upgraded shares of Laurentian Bank of Canada from a hold rating to a buy rating and increased their price target for the stock from C$62.00 to C$63.00 in a research note on Wednesday, December 6th. Royal Bank of Canada dropped their price target on shares of Laurentian Bank of Canada from C$60.00 to C$55.00 and set a sector perform rating on the stock in a research note on Wednesday, December 6th. CSFB dropped their price target on shares of Laurentian Bank of Canada from C$57.00 to C$55.00 in a research note on Tuesday, January 9th. Finally, Scotiabank dropped their price target on shares of Laurentian Bank of Canada from C$67.00 to C$64.00 and set a sector perform rating on the stock in a research note on Wednesday, December 6th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of C$59.10.
Laurentian Bank of Canada (TSE LB) opened at C$53.38 on Tuesday. The firm has a market cap of $2,080.00, a P/E ratio of 9.90 and a beta of 0.48. Laurentian Bank of Canada has a 12 month low of C$51.57 and a 12 month high of C$62.90.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.63 per share. This is an increase from Laurentian Bank of Canada’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Friday, December 29th. Laurentian Bank of Canada’s dividend payout ratio is currently 45.64%.
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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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