Canadian Western Bank (CWB) Given New C$40.00 Price Target at CSFB
Canadian Western Bank (TSE:CWB) had its price target upped by investment analysts at CSFB from C$37.00 to C$40.00 in a report issued on Friday. CSFB’s price target would suggest a potential downside of 0.74% from the company’s current price.
Other analysts also recently issued reports about the company. Canaccord Genuity raised their target price on Canadian Western Bank from C$38.00 to C$40.00 in a research note on Tuesday. Barclays downgraded Canadian Western Bank from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, December 19th. Royal Bank of Canada raised their target price on Canadian Western Bank from C$36.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Friday, December 8th. Scotiabank raised their target price on Canadian Western Bank from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a research note on Friday, December 8th. Finally, Desjardins raised their target price on Canadian Western Bank from C$35.00 to C$37.00 in a research note on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six 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$39.08.
Shares of Canadian Western Bank (TSE CWB) traded up C$0.30 during mid-day trading on Friday, reaching C$40.30. The company’s stock had a trading volume of 241,963 shares, compared to its average volume of 295,492. The stock has a market cap of $3,570.00, a price-to-earnings ratio of 16.65 and a beta of 1.15. Canadian Western Bank has a 12 month low of C$23.68 and a 12 month high of C$40.44.
In related news, insider James Jeffrey Bowling sold 1,500 shares of the firm’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.
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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