Analysts Set Canadian Western Bank (TSE:CWB) Price Target at C$34.91

Shares of Canadian Western Bank (TSE:CWB) have earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$34.55.

Several equities research analysts have commented on CWB shares. Scotiabank dropped their price target on shares of Canadian Western Bank from C$36.00 to C$35.00 in a research note on Friday. TD Securities raised their target price on Canadian Western Bank from C$33.00 to C$34.00 and gave the company a “hold” rating in a research report on Friday, August 30th. CIBC lifted their target price on Canadian Western Bank from C$33.00 to C$38.00 in a research note on Thursday, November 21st. Desjardins boosted their price target on Canadian Western Bank from C$34.00 to C$36.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Finally, Canaccord Genuity reduced their price target on Canadian Western Bank from C$36.00 to C$34.00 in a research report on Friday.

In related news, Senior Officer Darrell Robert Jones sold 1,849 shares of Canadian Western Bank stock in a transaction dated Monday, September 9th. The stock was sold at an average price of C$32.99, for a total transaction of C$60,996.66. Following the transaction, the insider now directly owns 16,130 shares of the company’s stock, valued at C$532,112.57.

Shares of CWB traded down C$0.42 during midday trading on Tuesday, hitting C$32.62. 367,845 shares of the stock traded hands, compared to its average volume of 225,266. The business’s 50 day moving average price is C$34.48 and its two-hundred day moving average price is C$31.48. The firm has a market capitalization of $2.85 billion and a PE ratio of 10.91. Canadian Western Bank has a 1-year low of C$24.33 and a 1-year high of C$36.61.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th will be issued a dividend of $0.28 per share. The ex-dividend date is Monday, December 16th. This represents a $1.12 annualized dividend and a yield of 3.43%. Canadian Western Bank’s payout ratio is 35.45%.

Canadian Western Bank Company Profile

Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, senior, chequing, youth, and student accounts, as well as specialized accounts, including corporate and commercial, organization, strata solution/condo, general trust, and trust fund investment accounts.

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Analyst Recommendations for Canadian Western Bank (TSE:CWB)

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