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

Canadian Western Bank (TSE:CWB) has received an average recommendation of “Hold” from the ten research firms that are covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$54.83.

Several research analysts have recently commented on CWB shares. BMO Capital Markets lifted their target price on Canadian Western Bank from C$52.00 to C$58.00 in a research report on Monday, November 18th. Scotiabank lifted their price objective on shares of Canadian Western Bank from C$52.00 to C$62.00 in a report on Monday, November 25th. Raymond James increased their target price on shares of Canadian Western Bank from C$54.00 to C$59.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Royal Bank of Canada lifted 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 report on Thursday, December 19th. Finally, CIBC boosted 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.

Canadian Western Bank Stock Performance

TSE:CWB opened at C$59.23 on Tuesday. The company has a market capitalization 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 has a one year low of C$24.66 and a one year high of C$61.81. The stock has a 50-day simple moving average of C$58.39 and a 200 day simple moving average of C$52.47.

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.