Canadian Western Bank (CWB) Given Average Recommendation of “Hold” by Brokerages

Shares of Canadian Western Bank (TSE:CWB) have been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$38.92.

CWB has been the subject of several research analyst reports. National Bank Financial lifted their price target on Canadian Western Bank from C$32.00 to C$35.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 31st. Laurentian lifted their price target on Canadian Western Bank from C$36.00 to C$39.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. Eight Capital reaffirmed a “buy” rating and set a C$41.00 price target on shares of Canadian Western Bank in a research note on Wednesday, December 6th. Scotiabank raised Canadian Western Bank from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$30.00 to C$33.00 in a research note on Friday, September 1st. Finally, BMO Capital Markets set a C$33.00 target price on Canadian Western Bank and gave the company a “market perform” rating in a research note on Thursday, November 16th.

Shares of Canadian Western Bank (CWB) traded up C$0.10 during mid-day trading on Monday, reaching C$39.25. The company’s stock had a trading volume of 250,811 shares, compared to its average volume of 258,923. Canadian Western Bank has a 52-week low of C$23.68 and a 52-week high of C$39.29. The company has a market capitalization of $3,470.00, a price-to-earnings ratio of 16.22 and a beta of 1.15.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Thursday, December 14th. Canadian Western Bank’s dividend payout ratio (DPR) is presently 38.43%.

In other news, insider James Jeffrey Bowling sold 1,500 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of C$38.13, for a total value of C$57,195.00.

COPYRIGHT VIOLATION WARNING: “Canadian Western Bank (CWB) Given Average Recommendation of “Hold” by Brokerages” was reported by Transcript Daily and is owned by of Transcript Daily. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this piece of content can be read at https://transcriptdaily.com/2017/12/31/canadian-western-bank-cwb-given-average-recommendation-of-hold-by-brokerages.html.

About Canadian Western Bank

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)

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.

Leave a Reply