FY2017 Earnings Forecast for Laurentian Bank of Canada Issued By Cormark (LB)

Laurentian Bank of Canada (TSE:LB) – Investment analysts at Cormark decreased their FY2017 EPS estimates for Laurentian Bank of Canada in a report issued on Monday. Cormark analyst M. Grauman now expects that the firm will earn $5.96 per share for the year, down from their prior forecast of $6.02.

Several other research firms also recently issued reports on LB. CSFB reissued an “underperform” rating and issued a C$52.00 price target on shares of Laurentian Bank of Canada in a research report on Tuesday, November 15th. Desjardins lifted their price target on shares of Laurentian Bank of Canada from C$56.00 to C$58.00 in a research report on Wednesday, December 21st. RBC Capital Markets lifted their price target on shares of Laurentian Bank of Canada from C$52.00 to C$57.00 in a research report on Wednesday, December 7th. Canaccord Genuity lifted their price target on shares of Laurentian Bank of Canada from C$54.00 to C$57.00 in a research report on Tuesday, November 22nd. Finally, BMO Capital Markets lifted their price target on shares of Laurentian Bank of Canada from C$52.00 to C$56.00 in a research report on Wednesday, December 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$57.33.

Earnings History and Estimates for Laurentian Bank of Canada (TSE:LB)

“FY2017 Earnings Forecast for Laurentian Bank of Canada Issued By Cormark (LB)” was originally published by sleekmoney and is the sole property of of sleekmoney. If you are reading this story on another website, it was illegally stolen and reposted in violation of U.S. & international copyright law. The original version of this story can be viewed at http://sleekmoney.com/fy2017-earnings-forecast-for-laurentian-bank-of-canada-issued-by-cormark-lb/1660150.html.

Laurentian Bank of Canada (TSE:LB) traded up 0.02% during trading on Tuesday, reaching $60.61. 3,198 shares of the company’s stock were exchanged. The company has a market capitalization of $2.05 billion and a PE ratio of 13.33. Laurentian Bank of Canada has a 1-year low of $44.62 and a 1-year high of $60.74. The company’s 50-day moving average is $58.81 and its 200-day moving average is $52.55.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 1st. Investors of record on Wednesday, February 1st were issued a $0.61 dividend. This is an increase from Laurentian Bank of Canada’s previous quarterly dividend of $0.60. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was Thursday, December 29th.

“FY2017 Earnings Forecast for Laurentian Bank of Canada Issued By Cormark (LB)” was originally published by sleekmoney and is the sole property of of sleekmoney. If you are reading this story on another website, it was illegally stolen and reposted in violation of U.S. & international copyright law. The original version of this story can be viewed at http://sleekmoney.com/fy2017-earnings-forecast-for-laurentian-bank-of-canada-issued-by-cormark-lb/1660150.html.

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.

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/fy2017-earnings-forecast-for-laurentian-bank-of-canada-issued-by-cormark-lb/1660150.html

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