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

Shares of Canadian Western Bank (TSE:CWB) have been assigned an average rating of “Hold” from the ten analysts that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$54.83.

Several analysts recently commented on the stock. Royal Bank of Canada raised their price target on shares of Canadian Western Bank from C$52.00 to C$60.00 and gave the stock a “sector perform” rating in a report on Thursday, December 19th. Raymond James lifted their price objective on Canadian Western Bank from C$54.00 to C$59.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Scotiabank raised their price target on Canadian Western Bank from C$52.00 to C$62.00 in a research note on Monday, November 25th. Desjardins cut Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a research note on Friday, December 20th. Finally, CIBC lifted their target price on shares of Canadian Western Bank from C$60.30 to C$63.50 in a research note on Tuesday, November 26th.

Canadian Western Bank Stock Down 1.6 %

Shares of Canadian Western Bank stock 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 stock has a market cap of C$5.60 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39. The business has a fifty 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.