Canadian Western Bank (TSE:CWB) Given Average Rating of “Hold” by Brokerages

Shares of Canadian Western Bank (TSE:CWB) have earned a consensus rating of “Hold” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$54.83.

Several equities analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of Canadian Western Bank from C$52.00 to C$58.00 in a research report on Monday, November 18th. Cormark lifted their price target on shares of Canadian Western Bank from C$46.00 to C$47.00 in a research report on Tuesday, September 3rd. Cibc World Mkts raised Canadian Western Bank to a “hold” rating in a report on Tuesday, September 3rd. Jefferies Financial Group raised their price objective on Canadian Western Bank from C$52.00 to C$57.00 and gave the stock a “hold” rating in a research note on Tuesday, September 3rd. Finally, Royal Bank of Canada boosted their target price on Canadian Western Bank from C$52.00 to C$60.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 19th.

Canadian Western Bank Stock Down 0.2 %

Shares of CWB stock opened at C$58.66 on Tuesday. The stock has a 50-day simple moving average of C$58.12 and a 200 day simple moving average of C$51.28. The stock has a market capitalization of C$5.67 billion, a P/E ratio of 19.68, a P/E/G ratio of 2.95 and a beta of 1.39. Canadian Western Bank has a fifty-two week low of C$24.66 and a fifty-two week high of C$61.81.

Canadian Western Bank Company Profile

Canadian Western Bank is a diversified financial service organization providing banking, trust, and wealth management services. The group operates through a number of subsidiaries providing different areas of financial services. Canadian Western Bank offers business banking services including general commercial banking, equipment financing and leasing, real estate financing, and other services for small- and medium-sized companies, as well as personal banking services including chequing and savings accounts, loans, mortgages, and investment products.