National Bank Financial Increases Canadian Western Bank (CWB) Price Target to C$38.00
Canadian Western Bank (TSE:CWB) had its target price raised by National Bank Financial from C$35.00 to C$38.00 in a research note issued to investors on Friday. They currently have a sector perform rating on the stock.
Several other equities research analysts have also recently commented on CWB. Barclays boosted their target price on Canadian Western Bank from C$28.00 to C$30.00 in a report on Friday, August 11th. Scotiabank boosted their target price on Canadian Western Bank from C$28.00 to C$30.00 and gave the stock a sector perform rating in a report on Monday, August 21st. BMO Capital Markets boosted their target price on Canadian Western Bank from C$28.00 to C$29.00 and gave the stock a market perform rating in a report on Friday, September 1st. Canaccord Genuity boosted their target price on Canadian Western Bank from C$29.00 to C$30.00 in a report on Friday, September 1st. Finally, CIBC upped their price target on Canadian Western Bank from C$31.00 to C$33.00 in a report on Friday, September 1st. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of C$38.69.
Shares of Canadian Western Bank (CWB) opened at C$38.35 on Friday. Canadian Western Bank has a twelve month low of C$23.68 and a twelve month high of C$38.59.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 15th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.96 annualized dividend and a dividend yield of 2.50%. Canadian Western Bank’s dividend payout ratio is currently 40.35%.
In other Canadian Western Bank news, insider James Jeffrey Bowling sold 1,500 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of C$38.13, for a total transaction of C$57,195.00.
TRADEMARK VIOLATION NOTICE: This story was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.watchlistnews.com/national-bank-financial-increases-canadian-western-bank-cwb-price-target-to-c38-00/1758677.html.
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.
Receive News & Ratings for Canadian Western Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Western Bank and related companies with MarketBeat.com's FREE daily email newsletter.