Laurentian Raises Canadian Western Bank (CWB) Price Target to C$39.00
Canadian Western Bank (TSE:CWB) had its price objective raised by Laurentian from C$36.00 to C$39.00 in a research note issued to investors on Monday morning. The brokerage currently has a buy rating on the stock.
Several other research analysts have also commented on CWB. Scotiabank lifted their price target on shares of Canadian Western Bank from C$28.00 to C$30.00 and gave the company a sector perform rating in a report on Monday, August 21st. Barclays PLC lifted their price target on shares of Canadian Western Bank from C$28.00 to C$30.00 in a report on Friday, August 11th. TD Securities lifted their price target on shares of Canadian Western Bank from C$32.00 to C$36.00 and gave the company a hold rating in a report on Thursday, September 28th. CIBC lifted their price target on shares of Canadian Western Bank from C$31.00 to C$33.00 in a report on Friday, September 1st. Finally, Canaccord Genuity lifted their price target on shares of Canadian Western Bank from C$29.00 to C$30.00 in a report on Friday, September 1st. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of C$33.06.
Shares of Canadian Western Bank (TSE:CWB) opened at 33.26 on Monday. Canadian Western Bank has a one year low of $23.68 and a one year high of $34.27. The stock has a market capitalization of $2.94 billion and a PE ratio of 14.59. The stock has a 50 day moving average of $30.61 and a 200-day moving average of $28.14.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a $0.24 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This is an increase from Canadian Western Bank’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 2.89%.
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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