Analysts Set Canadian Western Bank (TSE:CWB) Price Target at C$51.45

Shares of Canadian Western Bank (TSE:CWB) have earned a consensus rating of “Hold” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$51.45.

A number of brokerages have recently commented on CWB. Cormark increased their price target on shares of Canadian Western Bank from C$46.00 to C$47.00 in a report on Tuesday, September 3rd. Jefferies Financial Group raised their price target on Canadian Western Bank from C$52.00 to C$57.00 and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Scotiabank upped their price objective on Canadian Western Bank from C$52.00 to C$62.00 in a report on Monday, November 25th. Cibc World Mkts raised Canadian Western Bank to a “hold” rating in a report on Tuesday, September 3rd. Finally, Desjardins upped their target price on Canadian Western Bank from C$53.00 to C$57.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd.

Canadian Western Bank Trading Down 5.4 %

Shares of TSE CWB opened at C$55.59 on Friday. The business has a 50-day moving average of C$57.06 and a 200-day moving average of C$47.95. The firm has a market capitalization of C$5.37 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 2.95 and a beta of 1.39. Canadian Western Bank has a 12 month low of C$24.66 and a 12 month high of C$61.81.

Canadian Western Bank Company Profile

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.