Analysts Set Canadian Western Bank (CWB) Price Target at $33.06
Canadian Western Bank (TSE:CWB) has been assigned a consensus rating of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$33.06.
Several equities analysts recently weighed in on CWB shares. Barclays PLC raised their target price on shares of Canadian Western Bank from C$28.00 to C$30.00 in a research note on Friday, August 11th. CIBC raised their target price on shares of Canadian Western Bank from C$31.00 to C$33.00 in a research note on Friday, September 1st. Canaccord Genuity raised their target price on shares of Canadian Western Bank from C$29.00 to C$30.00 in a research note on Friday, September 1st. Laurentian Bank of Canada raised their target price on shares of Canadian Western Bank from C$36.00 to C$39.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Finally, Laurentian raised their target price on shares of Canadian Western Bank from C$36.00 to C$39.00 and gave the company a “buy” rating in a research note on Monday, October 2nd.
Canadian Western Bank (TSE:CWB) opened at 33.35 on Wednesday. The stock has a market capitalization of $2.95 billion and a price-to-earnings ratio of 14.63. Canadian Western Bank has a 52-week low of $23.68 and a 52-week high of $34.27. The stock’s 50 day moving average is $31.61 and its 200-day moving average is $28.34.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, September 14th. This is a boost from Canadian Western Bank’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.88%.
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Canadian Western Bank Company Profile
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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