Brokerages Set Canadian Western Bank (TSE:CWB) Target Price at C$54.83

Canadian Western Bank (TSE:CWB) has been assigned a consensus recommendation of “Hold” from the ten research firms that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$54.83.

A number of research analysts have issued reports on the company. Scotiabank boosted their price target on Canadian Western Bank from C$52.00 to C$62.00 in a research report on Monday, November 25th. Desjardins lowered shares of Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a research report on Friday, December 20th. Raymond James boosted their price target 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. Royal Bank of Canada increased their price objective on shares of 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. 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 Trading Down 1.6 %

Shares of TSE CWB opened at C$57.88 on Friday. Canadian Western Bank has a 12-month low of C$24.66 and a 12-month high of C$61.81. The company has a market cap of C$5.60 billion, a PE ratio of 19.42, a P/E/G ratio of 2.95 and a beta of 1.39. The stock has a 50 day simple moving average of C$58.75 and a 200-day simple moving average of C$54.42.

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.