Canadian Western Bank (OTCMKTS:CBWBF) Stock Price Down 0.3%

Canadian Western Bank (OTCMKTS:CBWBF)’s stock price traded down 0.3% on Thursday . The stock traded as low as $25.60 and last traded at $25.60, 114 shares changed hands during trading. A decline of 93% from the average session volume of 1,566 shares. The stock had previously closed at $25.69.

A number of brokerages have commented on CBWBF. Canaccord Genuity downgraded Canadian Western Bank to a “buy” rating and set a $34.00 price objective for the company. in a research report on Friday, August 30th. BMO Capital Markets set a $36.00 price objective on Canadian Western Bank and gave the stock a “buy” rating in a research report on Friday, August 30th. Scotiabank set a $33.00 price objective on Canadian Western Bank and gave the stock a “hold” rating in a research report on Friday, August 30th. Barclays reiterated a “buy” rating on shares of Canadian Western Bank in a research report on Monday, August 26th. Finally, Desjardins set a $34.00 price objective on Canadian Western Bank and gave the stock a “hold” rating in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Canadian Western Bank has an average rating of “Buy” and an average target price of $34.25.

The stock has a fifty day moving average price of $24.99 and a 200-day moving average price of $22.80.

About Canadian Western Bank (OTCMKTS:CBWBF)

Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, senior, chequing, youth, and student accounts, as well as specialized accounts, including corporate and commercial, organization, strata solution/condo, general trust, and trust fund investment accounts.

Further Reading: Cost of Debt

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