Brokerages Set Canadian Western Bank (TSE:CWB) Price Target at C$51.45

Canadian Western Bank (TSE:CWB) has been given a consensus recommendation of “Hold” by the ten research firms that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$53.39.

A number of research firms have weighed in on CWB. Royal Bank of Canada lifted their price target on shares of Canadian Western Bank from C$51.00 to C$52.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 3rd. Raymond James lowered shares of Canadian Western Bank from a “moderate buy” rating to a “hold” rating and increased their price target for the stock from C$52.00 to C$54.00 in a research report on Tuesday, September 3rd. Desjardins lifted their price objective on Canadian Western Bank from C$53.00 to C$57.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Cibc World Mkts upgraded Canadian Western Bank to a “hold” rating in a research note on Tuesday, September 3rd. Finally, Jefferies Financial Group raised their target price on Canadian Western Bank from C$52.00 to C$57.00 and gave the stock a “hold” rating in a research report on Tuesday, September 3rd.

Canadian Western Bank Stock Performance

Shares of CWB opened at C$57.93 on Friday. Canadian Western Bank has a 52 week low of C$24.66 and a 52 week high of C$61.81. The firm has a market capitalization of C$5.60 billion, a P/E ratio of 19.44, a P/E/G ratio of 2.95 and a beta of 1.39. The company has a 50-day simple moving average of C$57.24 and a 200-day simple moving average of C$48.38.

Canadian Western Bank Company Profile

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.