Canadian Western Bank (TSE:CWB) Senior Officer Jeffrey Isaac Louis Wright Purchases 2,275 Shares of Stock

Canadian Western Bank (TSE:CWB) Senior Officer Jeffrey Isaac Louis Wright acquired 2,275 shares of the firm’s stock in a transaction that occurred on Tuesday, May 31st. The shares were bought at an average cost of C$30.39 per share, for a total transaction of C$69,137.25.

Canadian Western Bank Price Performance

Shares of TSE:CWB remained flat at C$56.63 during trading on Friday. The company’s 50-day moving average price is C$58.44 and its 200-day moving average price is C$54.82. The company has a market cap of C$5.48 billion, a PE ratio of 19.00, a PEG ratio of 2.95 and a beta of 1.39. Canadian Western Bank has a 12-month low of C$24.66 and a 12-month high of C$61.81.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. CIBC upped their price objective on shares of Canadian Western Bank from C$60.30 to C$63.50 in a research note on Tuesday, November 26th. Scotiabank raised their price objective on Canadian Western Bank from C$52.00 to C$62.00 in a report on Monday, November 25th. Desjardins lowered Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a research note on Friday, December 20th. Raymond James lifted their price target on 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. Finally, Royal Bank of Canada increased their price objective on shares of Canadian Western Bank from C$52.00 to C$60.00 and gave the stock a “sector perform” rating in a report on Thursday, December 19th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$54.83.

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.