Canadian Western Bank (TSE:CWB) Receives C$54.83 Consensus Price Target from Analysts

Canadian Western Bank (TSE:CWB) has been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$54.83.

A number of equities analysts have issued reports on CWB shares. Desjardins cut Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada upped their price objective on Canadian Western Bank from C$52.00 to C$60.00 and gave the company a “sector perform” rating in a research note on Thursday, December 19th. CIBC lifted their target price on shares of Canadian Western Bank from C$60.30 to C$63.50 in a research report on Tuesday, November 26th. BMO Capital Markets boosted their target price on shares of Canadian Western Bank from C$52.00 to C$58.00 in a report on Monday, November 18th. Finally, Scotiabank raised their target price on Canadian Western Bank from C$52.00 to C$62.00 in a research report on Monday, November 25th.

Canadian Western Bank Price Performance

Canadian Western Bank has a 1-year low of C$24.66 and a 1-year high of C$61.81. The firm has a market capitalization of C$5.48 billion, a P/E ratio of 18.45, a PEG ratio of 2.95 and a beta of 1.39. The business’s 50-day moving average is C$58.00 and its two-hundred day moving average is C$55.53.

About Canadian Western Bank

Canadian Western Bank is a diversified financial service organization providing banking, trust, and wealth management services. The group operates through a number of subsidiaries providing different areas of financial services. Canadian Western Bank offers business banking services including general commercial banking, equipment financing and leasing, real estate financing, and other services for small- and medium-sized companies, as well as personal banking services including chequing and savings accounts, loans, mortgages, and investment products.