Canadian Western Bank (CWB) Upgraded at Scotiabank

Scotiabank upgraded shares of Canadian Western Bank (TSE:CWB) from a sector perform rating to an outperform rating in a research report released on Friday, September 1st. The firm currently has C$33.00 price objective on the stock, up from their prior price objective of C$30.00.

Several other research firms have also recently commented on CWB. Canaccord Genuity boosted their target price on Canadian Western Bank from C$29.00 to C$30.00 in a research report on Friday, September 1st. CIBC boosted their target price on Canadian Western Bank from C$31.00 to C$33.00 in a research report on Friday, September 1st. TD Securities reduced their target price on Canadian Western Bank from C$30.00 to C$29.00 and set a hold rating for the company in a research report on Friday, June 2nd. Royal Bank Of Canada upgraded Canadian Western Bank from a sector perform rating to an outperform rating and upped their price objective for the stock from C$32.00 to C$35.00 in a report on Friday, September 1st. Finally, National Bank Financial boosted their target price on Canadian Western Bank from C$28.00 to C$32.00 and gave the company a sector perform rating in a research note on Friday, September 1st. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Canadian Western Bank presently has a consensus rating of Hold and a consensus target price of C$31.61.

Shares of Canadian Western Bank (TSE CWB) opened at 31.20 on Friday. Canadian Western Bank has a 12 month low of $23.68 and a 12 month high of $32.29. The company’s 50 day moving average price is $29.06 and its 200 day moving average price is $27.94. The company has a market capitalization of $2.76 billion and a P/E ratio of 13.68.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors 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 annualized dividend and a yield of 3.08%. This is a positive change from Canadian Western Bank’s previous quarterly dividend of $0.22.

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)

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