Laurentian Bank of Canada Boosts Canadian Western Bank (CWB) Price Target to C$39.00
Canadian Western Bank (TSE:CWB) had its price target lifted by Laurentian Bank of Canada from C$36.00 to C$39.00 in a report published on Monday, StockTargetPrices.com reports. Laurentian Bank of Canada currently has a buy rating on the stock.
Other equities research analysts also recently issued reports about the company. Barclays PLC upped their price objective on Canadian Western Bank from C$28.00 to C$30.00 in a research report on Friday, August 11th. Canaccord Genuity upped their price objective on Canadian Western Bank from C$29.00 to C$30.00 in a research report on Friday, September 1st. Royal Bank Of Canada upgraded Canadian Western Bank from a sector perform rating to an outperform rating and upped their price objective for the company from C$32.00 to C$35.00 in a research report on Friday, September 1st. TD Securities upped their price objective on Canadian Western Bank from C$32.00 to C$36.00 and gave the company a hold rating in a research report on Thursday, September 28th. Finally, BMO Capital Markets upped their price objective on Canadian Western Bank from C$28.00 to C$29.00 and gave the company a market perform rating in a research report on Friday, September 1st. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of C$33.06.
Canadian Western Bank (TSE CWB) opened at 33.26 on Monday. Canadian Western Bank has a 12 month low of $23.68 and a 12 month high of $34.27. The company has a market cap of $2.94 billion and a PE ratio of 14.59. The company has a 50 day moving average price of $30.61 and a 200-day moving average price of $28.14.
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The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.24 per share. This is a boost from Canadian Western Bank’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, September 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.89%.
About Canadian Western Bank
Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. The Bank offers financing solutions through CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage, trust services through Canadian Western Trust and wealth advisory services through CWB Wealth Management.
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