Canadian Western Bank (TSE:CWB) had its target price hoisted by Canaccord Genuity from C$29.00 to C$30.00 in a research note issued to investors on Friday.

Other equities analysts have also recently issued research reports about the company. Barclays PLC boosted their target price on Canadian Western Bank from C$28.00 to C$30.00 in a research report on Friday, August 11th. TD Securities dropped their target price on Canadian Western Bank from C$30.00 to C$29.00 and set a hold rating on the stock in a research report on Friday, June 2nd. BMO Capital Markets boosted their target price on Canadian Western Bank from C$28.00 to C$29.00 and gave the stock a market perform rating in a research report on Friday. CIBC upgraded Canadian Western Bank from a neutral rating to an outperform rating and dropped their target price for the stock from C$33.00 to C$30.00 in a research report on Friday, June 2nd. Finally, Scotiabank boosted their target price on Canadian Western Bank from C$28.00 to C$30.00 and gave the stock a sector perform rating in a research report on Monday, August 21st. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of C$31.61.

Canadian Western Bank (CWB) traded up 3.41% during mid-day trading on Friday, reaching $29.99. The company had a trading volume of 1,380,821 shares. Canadian Western Bank has a 12 month low of $23.68 and a 12 month high of $32.29. The firm’s 50 day moving average price is $28.27 and its 200-day moving average price is $27.91. The company has a market capitalization of $2.65 billion and a price-to-earnings ratio of 13.70.

Canadian Western Bank (TSE:CWB) last released its earnings results on Thursday, June 1st. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Canadian Western Bank had a return on equity of 9.00% and a net margin of 29.86%. The company had revenue of $172.44 million for the quarter, compared to analysts’ expectations of $169 million. Equities research analysts anticipate that Canadian Western Bank will post $2.47 earnings per share for the current year.

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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.

Analyst Recommendations for Canadian Western Bank (TSE:CWB)

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