Canadian Western Bank (TSE:CWB) Given Average Rating of “Hold” by Analysts

Shares of Canadian Western Bank (TSE:CWB) have been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$54.83.

A number of research firms have weighed in on CWB. Desjardins lowered Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a research note on Friday, December 20th. Royal Bank of Canada lifted their price objective 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. Scotiabank upped 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. BMO Capital Markets boosted their price target on Canadian Western Bank from C$52.00 to C$58.00 in a report on Monday, November 18th. Finally, CIBC raised their price objective on Canadian Western Bank from C$60.30 to C$63.50 in a report on Tuesday, November 26th.

Canadian Western Bank Price Performance

Shares of TSE:CWB opened at C$59.38 on Tuesday. The business has a 50 day simple moving average of C$58.34 and a two-hundred day simple moving average of C$52.27. 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$5.74 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39.

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.