Canadian Western Bank (TSE:CWB) Receives C$54.83 Consensus Target Price from Brokerages

Shares of Canadian Western Bank (TSE:CWB) have earned an average rating of “Hold” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$54.83.

Several analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of Canadian Western Bank from C$52.00 to C$60.00 and gave the company a “sector perform” rating in a research report on Thursday, December 19th. Raymond James raised their target price 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 report on Thursday, December 19th. Scotiabank raised 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. CIBC raised their target price on shares of Canadian Western Bank from C$60.30 to C$63.50 in a research report on Tuesday, November 26th. Finally, BMO Capital Markets increased 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.

Canadian Western Bank Trading Up 0.1 %

Shares of Canadian Western Bank stock opened at C$58.08 on Friday. Canadian Western Bank has a 12-month low of C$24.66 and a 12-month high of C$61.81. The stock has a market cap of C$5.62 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39. The company has a 50-day moving average of C$58.80 and a two-hundred day moving average of C$54.29.

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.