Analysts Set Canadian Western Bank (TSE:CWB) PT at C$54.83

Canadian Western Bank (TSE:CWB - Get Free Report) has been assigned an average recommendation of "Hold" from the ten ratings firms that are currently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$54.83.

Several research firms recently issued reports on CWB. Desjardins lowered shares of Canadian Western Bank from a "moderate buy" rating to a "hold" rating in a report on Friday, December 20th. Cormark raised their target price on Canadian Western Bank from C$46.00 to C$47.00 in a research note on Tuesday, September 3rd. BMO Capital Markets increased their price target on Canadian Western Bank from C$52.00 to C$58.00 in a report on Monday, November 18th. 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 research 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 research report on Thursday, December 19th.

Canadian Western Bank Price Performance

Shares of Canadian Western Bank stock traded up C$0.09 during trading on Tuesday, hitting C$58.75. The company's stock had a trading volume of 211,635 shares, compared to its average volume of 367,323. The stock has a market cap of C$5.68 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39. Canadian Western Bank has a 52 week low of C$24.66 and a 52 week high of C$61.81. The stock has a 50-day moving average price of C$58.16 and a two-hundred day moving average price of C$51.51.

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.