Canadian Western Bank (TSE:CWB) Given Average Rating of “Hold” by Brokerages

Shares of Canadian Western Bank (TSE:CWB) have been assigned a consensus rating of “Hold” from the nine research firms that are covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$54.83.

Several analysts recently weighed in on CWB shares. Desjardins downgraded shares of Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a report on Friday, December 20th. CIBC raised their price target on shares of Canadian Western Bank from C$60.30 to C$63.50 in a research report on Tuesday, November 26th. Royal Bank of Canada lifted 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 research report on Thursday, December 19th. Raymond James lifted their price objective on shares of 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. Finally, Scotiabank lifted their price objective on shares of Canadian Western Bank from C$52.00 to C$62.00 in a research report on Monday, November 25th.

Canadian Western Bank Price Performance

The business’s 50-day moving average price is C$58.00 and its 200 day moving average price is C$55.53. The firm has a market cap of C$5.48 billion, a P/E ratio of 18.45, a P/E/G ratio of 2.95 and a beta of 1.39. 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.