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

Shares of Canadian Western Bank (TSE:CWB) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$54.83.

Several analysts recently weighed in on the stock. Desjardins downgraded shares of Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a report on Friday, December 20th. Scotiabank boosted their price target on shares of Canadian Western Bank from C$52.00 to C$62.00 in a research note on Monday, November 25th. BMO Capital Markets boosted their price target on shares of Canadian Western Bank from C$52.00 to C$58.00 in a research note on Monday, November 18th. CIBC boosted their price target on shares of Canadian Western Bank from C$60.30 to C$63.50 in a research note on Tuesday, November 26th. Finally, Raymond James boosted their price target on shares of Canadian Western Bank from C$54.00 to C$59.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th.

Canadian Western Bank Stock Performance

Canadian Western Bank stock opened at C$56.63 on Wednesday. Canadian Western Bank has a fifty-two week low of C$24.66 and a fifty-two week high of C$61.81. The firm has a 50 day moving average price of C$58.09 and a 200 day moving average price of C$55.45. The company has a market capitalization of C$5.48 billion, a PE 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.