Canadian Western Bank (TSE:CWB) had its price objective decreased by analysts at Scotiabank from C$42.00 to C$41.00 in a research note issued to investors on Friday, March 9th. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 17.31% from the company’s previous close.
Several other research firms also recently commented on CWB. Eight Capital restated a “buy” rating and issued a C$41.00 price target on shares of Canadian Western Bank in a research note on Wednesday, December 6th. Canaccord Genuity boosted their price target on shares of Canadian Western Bank from C$35.00 to C$38.00 and gave the stock a “hold” rating in a research note on Friday, December 8th. Barclays boosted their price target on shares of Canadian Western Bank from C$36.00 to C$37.00 in a research note on Friday, March 9th. CIBC dropped their price target on shares of Canadian Western Bank from C$42.00 to C$40.00 in a research note on Friday, March 9th. Finally, BMO Capital Markets set a C$33.00 price target on shares of Canadian Western Bank and gave the stock a “market perform” rating in a research note on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$38.85.
Shares of CWB stock opened at C$34.95 on Friday. Canadian Western Bank has a 1-year low of C$23.68 and a 1-year high of C$40.83. The firm has a market cap of $3,090.00, a P/E ratio of 13.71 and a beta of 1.03.
In related news, Director Margaret Jean Mulligan purchased 800 shares of Canadian Western Bank stock in a transaction that occurred on Monday, March 12th. The stock was purchased at an average cost of C$35.72 per share, with a total value of C$28,576.00. Also, insider Allen David Stephen sold 1,450 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of C$40.52, for a total transaction of C$58,754.00. Over the last ninety days, insiders have sold 3,738 shares of company stock valued at $98,754.
Canadian Western Bank Company Profile
Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. The Bank offers financing solutions through CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage, trust services through Canadian Western Trust and wealth advisory services through CWB Wealth Management.
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