Brokerages Set Canadian Western Bank (TSE:CWB) Price Target at C$51.45

Shares of Canadian Western Bank (TSE:CWB) have been given a consensus rating of “Hold” by the ten brokerages that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$53.39.

Several analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Canadian Western Bank from C$51.00 to C$52.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 3rd. Jefferies Financial Group boosted their price objective on shares of Canadian Western Bank from C$52.00 to C$57.00 and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Desjardins raised their target price on shares of Canadian Western Bank from C$53.00 to C$57.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. BMO Capital Markets upped their target price on Canadian Western Bank from C$52.00 to C$58.00 in a report on Monday, November 18th. Finally, Raymond James downgraded Canadian Western Bank from a “moderate buy” rating to a “hold” rating and raised their price target for the stock from C$52.00 to C$54.00 in a report on Tuesday, September 3rd.

Canadian Western Bank Trading Up 1.2 %

Shares of TSE CWB opened at C$58.47 on Friday. The company has a market capitalization of C$5.65 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39. Canadian Western Bank has a twelve month low of C$24.66 and a twelve month high of C$61.81. The business has a 50 day simple moving average of C$57.42 and a 200-day simple moving average of C$48.52.

About Canadian Western Bank

Canadian Western Bank provides personal and business banking products and services in Western Canada. The company offers current, savings, US dollar, chequing, flex notice, organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, equipment financing and leasing, aviation financing, and dealership financing products; agriculture lending products and AgriInvest savings account; variable and fixed rate mortgages; line of credit; registered retirement savings plan, consolidation, and vehicle loans; and credit cards.