Canadian Western Bank Upgraded by Scotiabank to “Sector Outperform” (CWB)
Shares of Canadian Western Bank (TSE:CWB) traded up 3.13% on Friday, hitting $39.23. The stock had a trading volume of 237,433 shares. Canadian Western Bank has a one year low of $27.04 and a one year high of $39.05. The stock’s 50-day moving average is $37.28 and its 200-day moving average is $36.8. The company has a market cap of $3.134 billion and a price-to-earnings ratio of 15.59.
Canadian Western Bank (TSE:CWB) last released its earnings data on Friday, June 6th. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.04. Analysts expect that Canadian Western Bank will post $2.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 26th. Shareholders of record on Monday, June 16th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, June 12th.
Several other analysts have also recently commented on the stock. Analysts at National Bank Financial raised their price target on shares of Canadian Western Bank from C$40.00 to C$42.00 in a research note on Friday. Separately, analysts at CSFB raised their price target on shares of Canadian Western Bank from C$35.00 to C$37.00 in a research note on Monday, March 17th. They now have a “neutral” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Canadian Western Bank from C$35.00 to C$37.00 in a research note on Monday, March 17th. They now have a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$38.50.
Canadian Western Bank (TSE:CWB) is a bank offering a range of financial services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.