Canadian Western Bank (TSE:CWB) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Canadian Western Bank (TSE:CWB) have been given a consensus rating of “Hold” by the ten research firms that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$54.83.

CWB has been the subject of a number of recent research reports. CIBC lifted their price objective on Canadian Western Bank from C$60.30 to C$63.50 in a research note on Tuesday, November 26th. Desjardins cut Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada lifted 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 boosted their target price on Canadian Western Bank from C$54.00 to C$59.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Finally, BMO Capital Markets boosted 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 Price Performance

Shares of CWB stock opened at C$58.08 on Friday. The firm has a market capitalization of C$5.62 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39. The business has a fifty day moving average of C$58.80 and a 200 day moving average of C$54.29. Canadian Western Bank has a 1 year low of C$24.66 and a 1 year high of C$61.81.

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.