RBC Capital Initiates Coverage on Canadian Western Bank (CWB)
Equities research analysts at RBC Capital started coverage on shares of Canadian Western Bank (TSE:CWB) in a research note issued to investors on Friday, American Banking News.com reports. The firm set a “sector perform” rating on the stock.
Canadian Western Bank (TSE:CWB) opened at 38.93 on Friday. Canadian Western Bank has a 52 week low of $27.04 and a 52 week high of $38.93. The stock has a 50-day moving average of $36.35 and a 200-day moving average of $31.73. The company has a market cap of $3.100 billion and a price-to-earnings ratio of 16.38.
The company also recently announced a Quarterly dividend, which is scheduled for Thursday, January 9th. Stockholders of record on Thursday, January 9th will be paid a dividend of 0.19 per share. This represents a dividend yield of 2.03%. The ex-dividend date is Friday, December 13th.
CWB has been the subject of a number of other recent research reports. Analysts at GMP Securities raised their price target on shares of Canadian Western Bank from C$34.00 to C$39.50 in a research note to investors on Friday, December 6th. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity upgraded shares of Canadian Western Bank from a “hold” rating to a “buy” rating in a research note to investors on Friday, December 6th. They now have a C$41.00 price target on the stock, up previously from C$32.50. Finally, analysts at BMO Capital Markets raised their price target on shares of Canadian Western Bank from C$36.00 to C$41.00 in a research note to investors on Friday, December 6th. They now have an “outperform” rating on the stock. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$37.06.
Canadian Western Bank (TSE:CWB) is a bank offering a range of personal and commercial banking, trust services, and wealth management services.
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