Canadian Western Bank (CWB) Given Average Recommendation of “Hold” by Brokerages
Shares of Canadian Western Bank (TSE:CWB) have received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$31.61.
A number of analysts have issued reports on the company. TD Securities lowered their target price on Canadian Western Bank from C$30.00 to C$29.00 and set a “hold” rating on the stock in a report on Friday, June 2nd. Barclays PLC raised their target price on Canadian Western Bank from C$28.00 to C$30.00 in a report on Friday, August 11th. Canaccord Genuity raised 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 reiterated a “sector perform” rating and issued a C$30.00 price objective on shares of Canadian Western Bank in a research report on Friday, May 26th. Finally, BMO Capital Markets raised their price objective on Canadian Western Bank from C$28.00 to C$29.00 and gave the stock a “market perform” rating in a research report on Friday, September 1st.
Canadian Western Bank (TSE CWB) traded up 0.81% during midday trading on Friday, hitting $31.20. The company had a trading volume of 466,000 shares. The company’s 50 day moving average is $29.06 and its 200-day moving average is $27.94. The company has a market cap of $2.76 billion and a P/E ratio of 13.68. Canadian Western Bank has a one year low of $23.68 and a one year high of $32.29.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.24 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.08%. This is an increase from Canadian Western Bank’s previous quarterly dividend of $0.22.
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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