Raymond James Forecasts Strong Price Appreciation for Canadian Western Bank (TSE:CWB) Stock

Canadian Western Bank (TSE:CWB) had its price objective raised by Raymond James from C$54.00 to C$59.00 in a research note published on Thursday,BayStreet.CA reports. The brokerage currently has a market perform rating on the stock. Raymond James also issued estimates for Canadian Western Bank’s Q1 2025 earnings at $0.80 EPS, Q2 2025 earnings at $0.83 EPS, Q3 2025 earnings at $0.92 EPS, Q4 2025 earnings at $0.97 EPS and FY2025 earnings at $3.52 EPS.

CWB has been the topic of a number of other reports. BMO Capital Markets upped their price target on shares of Canadian Western Bank from C$52.00 to C$58.00 in a research note on Monday, November 18th. Royal Bank of Canada upped their target price on shares of Canadian Western Bank from C$51.00 to C$52.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 3rd. CIBC raised their price target on shares of Canadian Western Bank from C$60.30 to C$63.50 in a report on Tuesday, November 26th. Cibc World Mkts raised shares of Canadian Western Bank to a “hold” rating in a report on Tuesday, September 3rd. Finally, Scotiabank increased their price objective on Canadian Western Bank from C$52.00 to C$62.00 in a research report on Monday, November 25th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$54.83.

Canadian Western Bank Price Performance

Shares of TSE CWB opened at C$58.53 on Thursday. The stock has a market capitalization of C$5.66 billion, a PE ratio of 19.64, a P/E/G ratio of 2.95 and a beta of 1.39. Canadian Western Bank has a one year low of C$24.66 and a one year high of C$61.81. The business’s fifty day moving average price is C$57.79 and its 200-day moving average price is C$49.78.

Canadian Western Bank Company Profile

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.