Canadian Western Bank (TSE:CWB) Given Consensus Recommendation of “Hold” by Brokerages

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

CWB has been the topic of several recent research reports. Jefferies Financial Group boosted their target price on Canadian Western Bank from C$52.00 to C$57.00 and gave the stock a “hold” rating in a report on Tuesday, September 3rd. Cormark boosted their target price on Canadian Western Bank from C$46.00 to C$47.00 in a report on Tuesday, September 3rd. BMO Capital Markets boosted their target price on Canadian Western Bank from C$52.00 to C$58.00 in a report on Monday, November 18th. Cibc World Mkts upgraded Canadian Western Bank to a “hold” rating in a report on Tuesday, September 3rd. Finally, Scotiabank boosted their target price on Canadian Western Bank from C$52.00 to C$62.00 in a report on Monday, November 25th.

Canadian Western Bank Trading Down 0.7 %

TSE:CWB opened at C$58.75 on Friday. The firm has a market cap of C$5.68 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39. The stock has a 50 day moving average of C$56.92 and a two-hundred day moving average of C$47.39. 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.