Canadian Western Bank (CWB) Receives C$30.43 Average Price Target from Analysts

Shares of Canadian Western Bank (TSE:CWB) have been given a consensus rating of “Hold” by the twelve brokerages that are covering the firm. Seven investment analysts have rated the stock with a hold rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$30.43.

CWB has been the subject of several research reports. National Bank Financial reiterated a “sector perform” rating on shares of Canadian Western Bank in a research report on Monday, February 20th. Barclays PLC increased their target price on Canadian Western Bank from C$28.00 to C$29.00 in a research report on Monday, February 13th. CSFB upgraded Canadian Western Bank from an “underperform” rating to a “neutral” rating and increased their target price for the company from C$27.00 to C$32.00 in a research report on Tuesday, January 17th. Desjardins increased their target price on Canadian Western Bank from C$31.00 to C$32.00 in a research report on Friday, March 3rd. Finally, Canaccord Genuity increased their target price on Canadian Western Bank from C$30.00 to C$31.00 in a research report on Friday, January 13th.

In other news, Director Robert L. Phillips bought 1,000 shares of the firm’s stock in a transaction on Tuesday, March 7th. The stock was acquired at an average cost of C$31.22 per share, with a total value of C$31,220.00. Also, insider Diane Marie Davies sold 2,500 shares of the firm’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of C$30.54, for a total value of C$76,350.00.

Shares of Canadian Western Bank (TSE:CWB) traded down 0.28% during mid-day trading on Thursday, hitting $28.04. 336,964 shares of the company’s stock were exchanged. Canadian Western Bank has a 52 week low of $23.14 and a 52 week high of $32.29. The firm has a 50 day moving average price of $29.44 and a 200-day moving average price of $28.91. The company has a market capitalization of $2.47 billion and a price-to-earnings ratio of 13.69.

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Canadian Western Bank Company Profile

Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. The Bank offers financing solutions through CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage, trust services through Canadian Western Trust and wealth advisory services through CWB Wealth Management.