Canadian Western Bank (TSE:CWB) Given New C$60.00 Price Target at Royal Bank of Canada

Canadian Western Bank (TSE:CWB) had its price target increased by Royal Bank of Canada from C$52.00 to C$60.00 in a report released on Thursday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other equities research analysts also recently commented on CWB. Cormark raised their price objective on shares of Canadian Western Bank from C$46.00 to C$47.00 in a research report on Tuesday, September 3rd. Cibc World Mkts upgraded Canadian Western Bank to a “hold” rating in a research note on Tuesday, September 3rd. Desjardins upped their price objective on 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. Jefferies Financial Group raised their target price on Canadian Western Bank from C$52.00 to C$57.00 and gave the company a “hold” rating in a report on Tuesday, September 3rd. Finally, BMO Capital Markets upped 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. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Canadian Western Bank has a consensus rating of “Hold” and a consensus target price of C$54.83.

Canadian Western Bank Stock Performance

CWB stock opened at C$56.16 on Thursday. The stock has a market capitalization of C$5.43 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39. The company has a fifty day moving average of C$57.71 and a 200-day moving average of C$49.56. Canadian Western Bank has a one year low of C$24.66 and a one 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.