Canadian Western Bank (TSE:CWB) Rating Lowered to Hold at Raymond James

Canadian Western Bank (TSE:CWB) was downgraded by stock analysts at Raymond James from a “moderate buy” rating to a “hold” rating in a report released on Tuesday, Marketbeat Ratings reports. They presently have a C$54.00 price objective on the stock, up from their previous price objective of C$52.00. Raymond James’ price objective indicates a potential upside of 3.93% from the stock’s current price. Raymond James also issued estimates for Canadian Western Bank’s Q1 2025 earnings at $0.93 EPS, Q2 2025 earnings at $0.94 EPS, Q3 2025 earnings at $0.97 EPS, Q4 2025 earnings at $0.98 EPS and FY2025 earnings at $3.82 EPS.

CWB has been the topic of a number of other reports. Scotiabank upped their target price on shares of Canadian Western Bank from C$30.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 18th. Cormark increased their price objective on Canadian Western Bank from C$46.00 to C$47.00 in a research note on Tuesday. BMO Capital Markets lowered Canadian Western Bank from an “outperform” rating to a “market perform” rating and lifted their target price for the company from C$35.00 to C$52.00 in a research report on Wednesday, June 12th. Royal Bank of Canada increased their price target on Canadian Western Bank from C$51.00 to C$52.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Finally, National Bankshares cut their price target on Canadian Western Bank from C$37.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$45.41.

Canadian Western Bank Trading Up 1.0 %

Shares of CWB opened at C$51.96 on Tuesday. The firm has a fifty day moving average price of C$47.12 and a 200-day moving average price of C$35.42. The firm has a market capitalization of C$5.02 billion, a P/E ratio of 15.46, a P/E/G ratio of 2.95 and a beta of 1.39. Canadian Western Bank has a 12-month low of C$24.66 and a 12-month high of C$52.80.

Insider Buying and Selling

In related news, Senior Officer Jenny Siman sold 1,000 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of C$46.05, for a total transaction of C$46,050.00. In other Canadian Western Bank news, Senior Officer Trent Albert Erickson purchased 4,312 shares of the stock in a transaction on Friday, June 14th. The stock was acquired at an average price of C$41.44 per share, with a total value of C$178,680.66. Also, Senior Officer Jenny Siman sold 1,000 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of C$46.05, for a total value of C$46,050.00. 0.46% of the stock is currently owned by company insiders.

About Canadian Western Bank

Canadian Western Bank provides personal and business banking products and services in Western Canada. The company offers current, savings, US dollar, chequing, flex notice, organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, equipment financing and leasing, aviation financing, and dealership financing products; agriculture lending products and AgriInvest savings account; variable and fixed rate mortgages; line of credit; registered retirement savings plan, consolidation, and vehicle loans; and credit cards.