Raymond James Forecasts Strong Price Appreciation for Canadian Western Bank (TSE:CWB) Stock

Canadian Western Bank (TSE:CWB) had its price target increased by research analysts at Raymond James from C$54.00 to C$59.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James’ price target suggests a potential upside of 0.80% from the stock’s previous close. Raymond James also issued estimates for Canadian Western Bank’s Q1 2025 earnings at $0.80 EPS, Q2 2025 earnings at $0.83 EPS, Q3 2025 earnings at $0.92 EPS, Q4 2025 earnings at $0.97 EPS and FY2025 earnings at $3.52 EPS.

A number of other research analysts have also recently issued reports on CWB. Jefferies Financial Group raised their price target on shares of 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. Scotiabank lifted their price target on Canadian Western Bank from C$52.00 to C$62.00 in a research report on Monday, November 25th. Royal Bank of Canada boosted their price target on Canadian Western Bank from C$51.00 to C$52.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 3rd. CIBC raised their price objective on Canadian Western Bank from C$60.30 to C$63.50 in a research note on Tuesday, November 26th. Finally, Desjardins upped their target price on 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. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$54.83.

Canadian Western Bank Stock Performance

Canadian Western Bank stock opened at C$58.53 on Thursday. Canadian Western Bank has a one year low of C$24.66 and a one year high of C$61.81. The stock has a market cap of C$5.66 billion, a PE ratio of 19.64, 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$57.71 and a two-hundred day moving average of C$49.56.

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.