Canadian Western Bank (TSE:CWB) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Canadian Western Bank (TSE:CWB)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$48.73 and traded as high as C$58.52. Canadian Western Bank shares last traded at C$58.02, with a volume of 273,639 shares trading hands.

Analyst Upgrades and Downgrades

CWB has been the topic of several analyst reports. Desjardins lifted their price target on shares of Canadian Western Bank from C$53.00 to C$57.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Jefferies Financial Group upped 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 note on Tuesday, September 3rd. Raymond James downgraded Canadian Western Bank from a “moderate buy” rating to a “hold” rating and raised their price objective for the stock from C$52.00 to C$54.00 in a research report on Tuesday, September 3rd. Cibc World Mkts raised shares of Canadian Western Bank to a “hold” rating in a research report on Tuesday, September 3rd. Finally, BMO Capital Markets lifted their price target on shares of Canadian Western Bank from C$52.00 to C$58.00 in a research report on Monday, November 18th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Canadian Western Bank has an average rating of “Hold” and a consensus target price of C$53.39.

Canadian Western Bank Trading Down 0.8 %

The company has a market capitalization of C$5.61 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39. The stock’s fifty day simple moving average is C$57.50 and its 200-day simple moving average is C$48.73.

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.