Canadian Western Bank (TSE:CWB) Given Consensus Recommendation of “Hold” by Analysts

Canadian Western Bank (TSE:CWB) has been given an average recommendation of “Hold” by the ten analysts that are presently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$54.83.

Several brokerages have issued reports on CWB. BMO Capital Markets boosted their target price on Canadian Western Bank from C$52.00 to C$58.00 in a research note on Monday, November 18th. Scotiabank upped their price objective on shares of Canadian Western Bank from C$52.00 to C$62.00 in a report on Monday, November 25th. Desjardins cut shares of Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a research note on Friday, December 20th. Raymond James raised their price objective on shares of Canadian Western Bank from C$54.00 to C$59.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada boosted their target price on shares of Canadian Western Bank from C$52.00 to C$60.00 and gave the company a “sector perform” rating in a report on Thursday, December 19th.

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 business has a 50 day moving average of C$58.00 and a 200 day moving average of C$55.53. The company has a market cap of C$5.48 billion, a PE ratio of 18.45, a PEG ratio of 2.95 and a beta of 1.39.

Canadian Western Bank Company Profile

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.