Desjardins Boosts Canadian Western Bank (CWB) Price Target to C$37.00

Canadian Western Bank (TSE:CWB) had its price objective increased by Desjardins from C$35.00 to C$37.00 in a research note published on Friday morning. Desjardins also issued estimates for Canadian Western Bank’s Q1 2018 earnings at $0.70 EPS, Q2 2018 earnings at $0.72 EPS, Q3 2018 earnings at $0.76 EPS and Q4 2018 earnings at $0.78 EPS.

Other equities research analysts have also recently issued research reports about the stock. Barclays raised their price objective on shares of Canadian Western Bank from C$28.00 to C$30.00 in a research note on Friday, August 11th. CIBC raised their price objective on shares of Canadian Western Bank from C$31.00 to C$33.00 in a research note on Friday, September 1st. Canaccord Genuity raised their price objective on shares of Canadian Western Bank from C$29.00 to C$30.00 in a research note on Friday, September 1st. Laurentian Bank of Canada raised their price objective on shares of 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. Finally, Laurentian raised their price objective on shares of 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. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Canadian Western Bank has an average rating of Buy and an average price target of C$38.69.

Shares of Canadian Western Bank (TSE CWB) opened at C$37.94 on Friday. Canadian Western Bank has a one year low of C$23.68 and a one year high of C$38.00.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.53%. Canadian Western Bank’s dividend payout ratio (DPR) is 40.35%.

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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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