Canadian Western Bank (TSE:CWB) Receives C$54.83 Average PT from Analysts

Canadian Western Bank (TSE:CWB) has earned a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$54.83.

CWB has been the topic of a number of analyst reports. Desjardins lowered shares of Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a research report on Friday, December 20th. BMO Capital Markets raised their price objective on Canadian Western Bank from C$52.00 to C$58.00 in a research note on Monday, November 18th. CIBC boosted their target price on Canadian Western Bank from C$60.30 to C$63.50 in a research report on Tuesday, November 26th. Raymond James upped their target price on Canadian Western Bank from C$54.00 to C$59.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Finally, Scotiabank boosted their price objective on shares of Canadian Western Bank from C$52.00 to C$62.00 in a research report on Monday, November 25th.

Canadian Western Bank Trading Down 0.7 %

Shares of CWB stock opened at C$58.33 on Friday. Canadian Western Bank has a twelve month low of C$24.66 and a twelve month high of C$61.81. The business’s 50 day moving average is C$58.83 and its two-hundred day moving average is C$54.16. The company has a market capitalization of C$5.64 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39.

About Canadian Western Bank

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.