Canadian Western Bank (TSE:CWB) Receives Average Rating of “Hold” from Analysts

Shares of Canadian Western Bank (TSE:CWB) have been assigned an average rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$54.83.

A number of brokerages have weighed in on CWB. CIBC increased their target price on shares of Canadian Western Bank from C$60.30 to C$63.50 in a report on Tuesday, November 26th. Desjardins downgraded Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada raised their target price on Canadian Western Bank from C$52.00 to C$60.00 and gave the company a “sector perform” rating in a research note on Thursday, December 19th. Raymond James lifted their price objective on shares of Canadian Western Bank from C$54.00 to C$59.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Finally, Scotiabank lifted their price target on Canadian Western Bank from C$52.00 to C$62.00 in a report on Monday, November 25th.

Canadian Western Bank Stock Up 0.4 %

Shares of CWB opened at C$58.77 on Friday. Canadian Western Bank has a 52-week low of C$24.66 and a 52-week high of C$61.81. The firm has a market cap of C$5.68 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 2.95 and a beta of 1.39. The business’s 50 day moving average is C$58.82 and its two-hundred day moving average is C$53.92.

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.