Canadian Western Bank (TSE:CWB) Given Consensus Rating of “Hold” by Brokerages

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

A number of analysts recently issued reports on the stock. Raymond James increased their target price on shares of Canadian Western Bank from C$54.00 to C$59.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Scotiabank raised their target price on shares of Canadian Western Bank from C$52.00 to C$62.00 in a research note on Monday, November 25th. Royal Bank of Canada upped their price target on shares of Canadian Western Bank from C$52.00 to C$60.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 19th. Desjardins lowered Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a research report on Friday, December 20th. Finally, CIBC upped their target price on Canadian Western Bank from C$60.30 to C$63.50 in a research report on Tuesday, November 26th.

Canadian Western Bank Price Performance

Shares of TSE:CWB opened at C$59.23 on Tuesday. The business has a 50-day moving average of C$58.39 and a two-hundred day moving average of C$52.47. The firm has a market capitalization of C$5.73 billion, a PE ratio of 19.88, 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$61.81.

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.