Canadian Western Bank (TSE:CWB) Given New C$60.00 Price Target at Royal Bank of Canada

Canadian Western Bank (TSE:CWB) had its price target lifted by equities researchers at Royal Bank of Canada from C$52.00 to C$60.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 2.51% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. Cormark lifted their price objective on Canadian Western Bank from C$46.00 to C$47.00 in a report on Tuesday, September 3rd. CIBC raised their price target on Canadian Western Bank from C$60.30 to C$63.50 in a research report on Tuesday, November 26th. Scotiabank boosted their price objective on shares of Canadian Western Bank from C$52.00 to C$62.00 in a research report on Monday, November 25th. Desjardins increased their price objective on shares of Canadian Western Bank from C$53.00 to C$57.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Cibc World Mkts upgraded shares of Canadian Western Bank to a “hold” rating in a research report on Tuesday, September 3rd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$54.83.

Canadian Western Bank Trading Up 4.2 %

Shares of Canadian Western Bank stock opened at C$58.53 on Thursday. The company has a 50-day moving average of C$57.71 and a two-hundred day moving average of C$49.56. 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$5.66 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39.

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.