Canadian Western Bank (TSE:CWB) Receives C$54.83 Average PT from Brokerages

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

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price target on Canadian Western Bank from C$52.00 to C$60.00 and gave the company a “sector perform” rating in a report on Thursday, December 19th. Scotiabank boosted their target price on Canadian Western Bank from C$52.00 to C$62.00 in a report on Monday, November 25th. 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 report on Thursday, December 19th. Desjardins cut Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a report on Friday, December 20th. Finally, CIBC boosted their target price on Canadian Western Bank from C$60.30 to C$63.50 in a report on Tuesday, November 26th.

Canadian Western Bank Stock Performance

The company’s fifty day simple moving average is C$58.00 and its 200 day simple moving average is C$55.53. The company has a market capitalization of C$5.48 billion, a PE ratio of 18.45, a PEG ratio of 2.95 and a beta of 1.39. Canadian Western Bank has a twelve month low of C$24.66 and a twelve month high of C$61.81.

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.