Canadian Western Bank (TSE:CWB) Given Consensus Rating of “Hold” by Analysts

Canadian Western Bank (TSE:CWB) has earned an average recommendation of “Hold” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$54.83.

A number of analysts recently weighed in on CWB shares. Raymond James boosted their target price on Canadian Western Bank from C$54.00 to C$59.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Scotiabank boosted 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 lowered shares of Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a report on Friday, December 20th. CIBC lifted their target price on shares of Canadian Western Bank from C$60.30 to C$63.50 in a research report on Tuesday, November 26th. 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 report on Monday, November 18th.

Canadian Western Bank Stock Performance

The business’s 50-day moving average price is C$58.00 and its 200-day moving average price is C$55.53. Canadian Western Bank has a 52 week low of C$24.66 and a 52 week high of C$61.81. The company has a market capitalization of C$5.48 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 2.95 and a beta of 1.39.

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.