Canadian Western Bank (CWB) Sets New 12-Month High at $40.01
Shares of Canadian Western Bank (TSE:CWB) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$40.01 and last traded at C$39.28, with a volume of 293012 shares changing hands. The stock had previously closed at C$39.47.
CWB has been the topic of several recent research reports. Eight Capital restated a “buy” rating and issued a C$41.00 price objective on shares of Canadian Western Bank in a research report on Wednesday, December 6th. National Bank Financial upped their price objective on Canadian Western Bank from C$32.00 to C$35.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 31st. Canaccord Genuity upped their price objective on Canadian Western Bank from C$35.00 to C$38.00 and gave the company a “hold” rating in a research report on Friday, December 8th. Barclays downgraded Canadian Western Bank from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, December 19th. Finally, BMO Capital Markets set a C$33.00 target price on Canadian Western Bank and gave the stock a “market perform” rating in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of C$38.69.
The stock has a market cap of $3,480.00, a P/E ratio of 16.26 and a beta of 1.15.
In other Canadian Western Bank news, insider James Jeffrey Bowling sold 1,500 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of C$38.13, for a total transaction of C$57,195.00.
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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.
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