CSFB Reiterates “Underperform” Rating for Canadian Western Bank (CWB)
Canadian Western Bank (TSE:CWB)‘s stock had its “underperform” rating restated by analysts at CSFB in a note issued to investors on Tuesday. They presently have a C$27.00 target price on the stock. CSFB’s price objective would suggest a potential downside of 0.22% from the company’s previous close.
Other equities research analysts have also issued reports about the company. CIBC raised their price target on Canadian Western Bank from C$25.00 to C$27.00 in a research note on Friday, September 2nd. Barclays PLC raised their price target on Canadian Western Bank from C$24.00 to C$26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 17th. Desjardins raised their price target on Canadian Western Bank from C$26.00 to C$27.00 and gave the stock a “hold” rating in a research note on Friday, September 2nd. TD Securities reaffirmed a “hold” rating and set a C$27.00 target price on shares of Canadian Western Bank in a research report on Tuesday, November 1st. Finally, Scotiabank lifted their target price on Canadian Western Bank from C$26.00 to C$27.00 and gave the company a “sector perform” rating in a research report on Friday, September 2nd. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of C$26.20.
Shares of Canadian Western Bank (TSE:CWB) opened at 27.06 on Tuesday. The stock has a 50 day moving average price of $25.50 and a 200-day moving average price of $25.49. Canadian Western Bank has a 1-year low of $19.26 and a 1-year high of $29.30. The stock has a market capitalization of $2.38 billion and a PE ratio of 12.05.
About Canadian Western Bank
Canadian Western Bank (the Bank) is a Canada-based bank that offers personal and business banking. The Bank is engaged in the business of commercial, equipment financing, real estate construction financing and energy lending. It offers personal banking services, including savings accounts, mortgages, home equity lines of credit, personal loans and investment products through its branch network across Western Canada.
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