Canadian Western Bank (CWB) Receives C$31.61 Consensus Target Price from Brokerages

Shares of Canadian Western Bank (TSE:CWB) have been assigned an average recommendation of “Hold” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$31.61.

A number of equities analysts have commented on the company. Scotiabank upgraded Canadian Western Bank from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$30.00 to C$33.00 in a research note on Friday, September 1st. CIBC lifted their target price on Canadian Western Bank from C$31.00 to C$33.00 in a research note on Friday, September 1st. TD Securities lifted their target price on Canadian Western Bank from C$30.00 to C$32.00 and gave the company a “hold” rating in a research note on Friday, September 1st. Royal Bank Of Canada upgraded Canadian Western Bank from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$32.00 to C$35.00 in a research note on Friday, September 1st. Finally, BMO Capital Markets lifted their target price on Canadian Western Bank from C$28.00 to C$29.00 and gave the company a “market perform” rating in a research note on Friday, September 1st.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is 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 dividend yield of 3.00%.

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.

Analyst Recommendations for Canadian Western Bank (TSE:CWB)

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