Canadian Western Bank (TSE:CWB) Receives Average Recommendation of “Hold” from Analysts

Shares of Canadian Western Bank (TSE:CWB) have received an average rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$54.83.

A number of brokerages recently weighed in on CWB. Royal Bank of Canada boosted 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. BMO Capital Markets upped their target price on shares of Canadian Western Bank from C$52.00 to C$58.00 in a report on Monday, November 18th. Raymond James upped their target price on shares of 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. Desjardins cut shares of Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a report on Friday, December 20th. Finally, CIBC upped their target price on shares of Canadian Western Bank from C$60.30 to C$63.50 in a report on Tuesday, November 26th.

Canadian Western Bank Price Performance

Shares of CWB opened at C$56.63 on Wednesday. Canadian Western Bank has a 1-year low of C$24.66 and a 1-year high of C$61.81. The stock has a market cap of C$5.48 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39. The firm has a fifty day moving average price of C$58.09 and a 200 day moving average price of C$55.45.

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.