Canadian Western Bank (CWB) Price Target Raised to C$32.00
Several other research analysts have also weighed in on CWB. Royal Bank Of Canada reissued a sector perform rating and set a C$30.00 price objective on shares of Canadian Western Bank in a report on Friday, May 26th. CIBC raised shares of Canadian Western Bank from a neutral rating to an outperform rating and decreased their price objective for the stock from C$33.00 to C$30.00 in a report on Friday, June 2nd. Scotiabank decreased their price objective on shares of Canadian Western Bank from C$29.00 to C$28.00 and set a sector perform rating for the company in a report on Friday, June 2nd. Barclays PLC raised their price objective on shares of Canadian Western Bank from C$28.00 to C$30.00 in a report on Friday, August 11th. Finally, BMO Capital Markets raised their price objective on shares of Canadian Western Bank from C$28.00 to C$29.00 and gave the stock a market perform rating in a report on Friday. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of C$31.61.
Shares of Canadian Western Bank (TSE:CWB) opened at 29.99 on Friday. Canadian Western Bank has a 12 month low of $23.68 and a 12 month high of $32.29. The company has a 50-day moving average of $28.27 and a 200-day moving average of $27.91. The stock has a market capitalization of $2.65 billion and a PE ratio of 13.70.
Canadian Western Bank (TSE:CWB) last announced its quarterly earnings data on Thursday, June 1st. The company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The company had revenue of $172.44 million during the quarter, compared to analyst estimates of $169 million. Canadian Western Bank had a net margin of 29.86% and a return on equity of 9.00%. On average, equities research analysts expect that Canadian Western Bank will post $2.47 EPS for the current fiscal year.
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About Canadian Western Bank
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.
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