Raymond James upgraded shares of Canadian Western Bank (TSE:CWB) from a market perform rating to an outperform rating in a research report released on Monday, Analyst Price Targets reports. They currently have C$41.00 target price on the stock, up from their previous target price of C$39.25.
Other analysts have also recently issued research reports about the stock. BMO Capital Markets upped their target price on shares of Canadian Western Bank from C$37.00 to C$41.00 and gave the company a market perform rating in a research report on Monday, May 31st. National Bank Financial upped their target price on shares of Canadian Western Bank from C$40.00 to C$41.00 and gave the company a sector perform rating in a research report on Monday, August 30th. Barclays upgraded shares of Canadian Western Bank from a neutral rating to an overweight rating and set a C$37.00 target price for the company in a research report on Friday, May 28th. CSFB upped their target price on shares of Canadian Western Bank from C$41.00 to C$45.00 in a research report on Wednesday, September 1st. Finally, Royal Bank of Canada upped their target price on shares of Canadian Western Bank from C$38.00 to C$39.00 and gave the company a sector perform rating in a research report on Monday, August 30th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Buy and an average price target of C$41.17.
CWB stock opened at C$36.25 on Monday. The company has a 50 day moving average price of C$34.87 and a 200 day moving average price of C$34.46. Canadian Western Bank has a fifty-two week low of C$23.72 and a fifty-two week high of C$37.75. The stock has a market capitalization of C$3.19 billion and a PE ratio of 10.51.
In related news, Director Irfhan Abdulaziz Rawji bought 10,000 shares of Canadian Western Bank stock in a transaction that occurred on Friday, July 30th. The stock was purchased at an average cost of C$34.16 per share, with a total value of C$341,563.00. Following the purchase, the director now owns 19,175 shares in the company, valued at C$654,947.05. Also, Senior Officer James Jeffrey Bowling sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of C$37.01, for a total transaction of C$74,024.00. Following the completion of the transaction, the insider now directly owns 2,559 shares of the company’s stock, valued at C$94,713.71.
About Canadian Western Bank
Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, and chequing accounts, as well as organization, strata solution/condo, general trust, and trust fund investment accounts. It also offers commercial lending and real estate, and equipment financing and leasing products; loans and mortgages; secured and unsecured lines of credit; registered retirement savings plan; consolidation, vehicle, and recreation vehicle loans; and credit cards.
Featured Article: Do equity income investments outperform growth and income investments?
Receive News & Ratings for Canadian Western Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Western Bank and related companies with MarketBeat.com's FREE daily email newsletter.