Canadian Western Bank (CWB) PT Lowered to C$39.00
Canadian Western Bank (TSE:CWB) had its price objective decreased by Royal Bank of Canada from C$40.00 to C$39.00 in a note issued to investors on Friday. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 9.21% from the company’s current price.
CWB has been the topic of several other reports. Scotiabank upped 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 report on Friday, December 8th. CSFB upped their target price on Canadian Western Bank from C$37.00 to C$40.00 in a research report on Friday, January 19th. TD Securities upped their target price on Canadian Western Bank from C$39.00 to C$40.00 and gave the stock a “hold” rating in a research report on Friday. CIBC upped their target price on Canadian Western Bank from C$37.00 to C$42.00 in a research report on Monday, November 13th. Finally, National Bank Financial upped their target price on Canadian Western Bank from C$35.00 to C$38.00 and gave the stock a “sector perform” rating in a research report 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 stock. The stock has an average rating of “Hold” and a consensus price target of C$38.85.
Canadian Western Bank (CWB) opened at C$35.71 on Friday. Canadian Western Bank has a 52-week low of C$23.68 and a 52-week high of C$40.83. The firm has a market capitalization of $3,200.00, a PE ratio of 14.76 and a beta of 1.03.
In other news, insider Allen David Stephen sold 1,450 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of C$40.52, for a total transaction of C$58,754.00. Also, insider James Jeffrey Bowling sold 1,500 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of C$38.13, for a total value of C$57,195.00. In the last three months, insiders have sold 5,238 shares of company stock worth $155,949.
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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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