Canadian Western Bank (TSE:CWB) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Canadian Western Bank (TSE:CWB) have been assigned an average rating of “Hold” from the nine research firms that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$54.83.

CWB has been the subject of a number of research reports. Raymond James lifted their target price on Canadian Western Bank from C$54.00 to C$59.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Desjardins downgraded Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a research note on Friday, December 20th. CIBC upped their price objective on Canadian Western Bank from C$60.30 to C$63.50 in a research note on Tuesday, November 26th. BMO Capital Markets upped their price objective on Canadian Western Bank from C$52.00 to C$58.00 in a research note on Monday, November 18th. Finally, Scotiabank increased their target price 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 Price Performance

The firm’s 50-day simple moving average is C$58.00 and its two-hundred day simple moving average is C$55.53. Canadian Western Bank has a twelve month low of C$24.66 and a twelve month high of C$61.81. The firm has a market cap of C$5.48 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39.

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.