Canadian Western Bank (TSE:CWB) Reaches New 12-Month High – Still a Buy?

Canadian Western Bank (TSE:CWB) shares reached a new 52-week high during trading on Monday . The company traded as high as C$27.70 and last traded at C$59.49, with a volume of 192275 shares. The stock had previously closed at C$59.38.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Scotiabank upped their target price on Canadian Western Bank from C$52.00 to C$62.00 in a research report on Monday, November 25th. Raymond James lifted their target price on shares of Canadian Western Bank from C$54.00 to C$59.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Royal Bank of Canada upped their price target on shares of Canadian Western Bank from C$52.00 to C$60.00 and gave the company a “sector perform” rating in a research report on Thursday, December 19th. CIBC raised their price objective on shares of Canadian Western Bank from C$60.30 to C$63.50 in a research report on Tuesday, November 26th. Finally, BMO Capital Markets upped their target price on shares of Canadian Western Bank from C$52.00 to C$58.00 in a report on Monday, November 18th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$54.83.

Canadian Western Bank Stock Down 0.3 %

The stock has a fifty day moving average of C$58.34 and a two-hundred day moving average of C$52.34. The stock has a market cap of C$5.73 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39.

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.