Desjardins Raises Canadian Western Bank (TSE:CWB) Price Target to C$52.00

Canadian Western Bank (TSE:CWBFree Report) had its price target lifted by Desjardins from C$32.00 to C$52.00 in a report published on Tuesday, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the stock. National Bankshares lowered their price objective on shares of Canadian Western Bank from C$37.00 to C$30.00 and set an outperform rating on the stock in a research note on Monday, June 3rd. Jefferies Financial Group boosted their price objective on shares of Canadian Western Bank from C$28.00 to C$52.00 and gave the stock a hold rating in a report on Thursday, June 13th. Scotiabank reduced their target price on shares of Canadian Western Bank from C$32.00 to C$30.00 and set an outperform rating for the company in a research note on Monday, June 3rd. CIBC decreased their target price on Canadian Western Bank from C$34.00 to C$30.00 and set a neutral rating on the stock in a research report on Monday, June 3rd. Finally, Royal Bank of Canada cut Canadian Western Bank from an outperform rating to a sector perform rating and cut their price target for the company from C$32.00 to C$28.00 in a report on Monday, June 3rd. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Canadian Western Bank has an average rating of Moderate Buy and a consensus price target of C$40.22.

Check Out Our Latest Research Report on CWB

Canadian Western Bank Stock Down 0.6 %

CWB opened at C$42.05 on Tuesday. The stock’s 50 day moving average price is C$28.74 and its two-hundred day moving average price is C$29.10. The firm has a market capitalization of C$4.06 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 2.95 and a beta of 1.54. Canadian Western Bank has a 12-month low of C$23.21 and a 12-month high of C$44.00.

Canadian Western Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were paid a $0.35 dividend. This is a positive change from Canadian Western Bank’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $1.40 annualized dividend and a yield of 3.33%. Canadian Western Bank’s payout ratio is currently 40.61%.

Insiders Place Their Bets

In other Canadian Western Bank news, Senior Officer Supriya Anna Maria James sold 4,600 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of C$27.00, for a total value of C$124,203.22. In related news, Senior Officer Supriya Anna Maria James sold 4,600 shares of Canadian Western Bank stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of C$27.00, for a total value of C$124,203.22. Also, Senior Officer Mark Stafford sold 1,708 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of C$27.94, for a total transaction of C$47,728.69. Corporate insiders own 0.32% of the company’s stock.

Canadian Western Bank Company Profile

(Get Free Report)

Canadian Western Bank provides personal and business banking products and services in Western Canada. The company offers current, savings, US dollar, chequing, flex notice, organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, equipment financing and leasing, aviation financing, and dealership financing products; agriculture lending products and AgriInvest savings account; variable and fixed rate mortgages; line of credit; registered retirement savings plan, consolidation, and vehicle loans; and credit cards.

Further Reading

Analyst Recommendations for Canadian Western Bank (TSE:CWB)

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