Raymond James Downgrades Canadian Western Bank (TSE:CWB) to Hold

Canadian Western Bank (TSE:CWB) was downgraded by analysts at Raymond James from a “moderate buy” rating to a “hold” rating in a research note issued on Tuesday, MarketBeat Ratings reports. They presently have a C$54.00 price objective on the stock, up from their previous price objective of C$52.00. Raymond James’ target price would suggest a potential upside of 3.93% from the company’s previous close. Raymond James also issued estimates for Canadian Western Bank’s Q1 2025 earnings at $0.93 EPS, Q2 2025 earnings at $0.94 EPS, Q3 2025 earnings at $0.97 EPS, Q4 2025 earnings at $0.98 EPS and FY2025 earnings at $3.82 EPS.

A number of other brokerages have also issued reports on CWB. Desjardins increased their price target on Canadian Western Bank from C$53.00 to C$57.00 and gave the stock a “buy” rating in a research note on Tuesday. Cormark upped their price objective on Canadian Western Bank from C$46.00 to C$47.00 in a research note on Tuesday. Scotiabank lifted their target price on Canadian Western Bank from C$30.00 to C$52.00 and gave the company an “outperform” rating in a research note on Tuesday, June 18th. National Bankshares lowered their price target on Canadian Western Bank from C$37.00 to C$30.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Finally, BMO Capital Markets lowered shares of Canadian Western Bank from an “outperform” rating to a “market perform” rating and increased their price objective for the company from C$35.00 to C$52.00 in a report on Wednesday, June 12th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$45.41.

Canadian Western Bank Price Performance

CWB opened at C$51.96 on Tuesday. The company has a 50 day simple moving average of C$47.12 and a two-hundred day simple moving average of C$35.42. The firm has a market cap of C$5.02 billion, a P/E ratio of 15.46, a PEG 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$52.80.

Insider Buying and Selling at Canadian Western Bank

In related news, Senior Officer Jenny Siman sold 1,000 shares of Canadian Western Bank stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of C$46.05, for a total value of C$46,050.00. In other news, Senior Officer Trent Albert Erickson acquired 4,312 shares of the company’s stock in a transaction on Friday, June 14th. The stock was bought at an average cost of C$41.44 per share, with a total value of C$178,680.66. Also, Senior Officer Jenny Siman sold 1,000 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of C$46.05, for a total transaction of C$46,050.00. 0.46% of the stock is owned by company insiders.

Canadian Western Bank Company Profile

Canadian Western Bank provides personal and business banking products and services in Western Canada. The company offers current, savings, US dollar, chequing, flex notice, organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, equipment financing and leasing, aviation financing, and dealership financing products; agriculture lending products and AgriInvest savings account; variable and fixed rate mortgages; line of credit; registered retirement savings plan, consolidation, and vehicle loans; and credit cards.