Research analysts at CIBC dropped their target price on shares of Laurentian Bank (TSE: LB)
Shares of Laurentian Bank traded down 0.04% during mid-day trading on Friday, hitting $44.66. Laurentian Bank has a one year low of $40.66 and a one year high of $47.80. The stock?s 50-day moving average is currently $44.6. The company has a market cap of $1.262 billion and a P/E ratio of 9.04.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Laurentian Bank from $51.50 to $52.00 in a research note to investors on Friday. Separately, analysts at BMO Capital Markets cut their price target on shares of Laurentian Bank from $49.00 to $48.00 in a research note to investors on Thursday.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, May 1st. Shareholders of record on Monday, April 1st will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.38%.
Laurentian Bank of Canada (the Bank) is a banking institution. The Bank operates in five segments: Retail & SME Quebec, Real Estate and Commercial, B2B Trust, Laurentian Bank Securities and Capital Markets, and Other.