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

Canadian Western Bank (TSE:CWB) has received a consensus recommendation of “Hold” from the ten analysts that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$54.83.

A number of equities research analysts have recently weighed in on the company. CIBC raised their price target on Canadian Western Bank from C$60.30 to C$63.50 in a research note on Tuesday, November 26th. Scotiabank raised their price objective on Canadian Western Bank from C$52.00 to C$62.00 in a research note on Monday, November 25th. Desjardins downgraded Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a research note on Friday, December 20th. Raymond James raised 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 note on Thursday, December 19th. Finally, BMO Capital Markets raised their price objective on Canadian Western Bank from C$52.00 to C$58.00 in a research note on Monday, November 18th.

Canadian Western Bank Price Performance

CWB opened at C$58.43 on Tuesday. Canadian Western Bank has a fifty-two week low of C$24.66 and a fifty-two week high of C$61.81. The business has a 50-day moving average of C$58.29 and a 200-day moving average of C$51.84. The company has a market capitalization of C$5.65 billion, a PE ratio of 19.61, 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.