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

Canadian Western Bank (TSE:CWB) has received an average rating of “Hold” from the ten analysts that are currently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$54.83.

Several research firms have recently issued reports on CWB. Scotiabank upped their price objective on shares of Canadian Western Bank from C$52.00 to C$62.00 in a report on Monday, November 25th. Desjardins downgraded shares of Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a research note on Friday, December 20th. Raymond James boosted their price objective on shares of Canadian Western Bank from C$54.00 to C$59.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Royal Bank of Canada raised their target price on Canadian Western Bank from C$52.00 to C$60.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 19th. Finally, BMO Capital Markets boosted their price target on Canadian Western Bank from C$52.00 to C$58.00 in a research note on Monday, November 18th.

Canadian Western Bank Price Performance

Shares of CWB stock opened at C$59.38 on Tuesday. The stock’s fifty day moving average price is C$58.34 and its 200 day moving average price is C$52.27. Canadian Western Bank has a 1-year low of C$24.66 and a 1-year high of C$61.81. The company has a market cap of C$5.74 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39.

About Canadian Western Bank

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.