Canadian Western Bank (CWB) PT Raised to C$27.00
Canadian Western Bank (TSE:CWB) had its price target lifted by stock analysts at Canaccord Genuity from C$26.00 to C$27.00 in a report issued on Tuesday. Canaccord Genuity’s price target points to a potential downside of 7.82% from the stock’s current price.
A number of other research firms have also weighed in on CWB. CSFB reaffirmed an “underperform” rating and set a C$27.00 price objective on shares of Canadian Western Bank in a research report on Tuesday, November 15th. Scotiabank raised their price objective 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. Desjardins increased their target price on Canadian Western Bank from C$26.00 to C$27.00 and gave the company a “hold” rating in a research note on Friday, September 2nd. CIBC increased their target price on Canadian Western Bank from C$25.00 to C$27.00 in a research note on Friday, September 2nd. Finally, Royal Bank Of Canada increased their target price on Canadian Western Bank from C$24.00 to C$26.00 and gave the company a “sector perform” rating in a research note on Friday, September 2nd. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of C$26.30.
Shares of Canadian Western Bank (TSE:CWB) opened at 29.29 on Tuesday. The company has a market capitalization of $2.58 billion and a price-to-earnings ratio of 13.04. The company’s 50 day moving average price is $25.93 and its 200-day moving average price is $25.58. Canadian Western Bank has a 1-year low of $19.26 and a 1-year high of $29.31.
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Canadian Western Bank Company Profile
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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