Canadian Western Bank (TSE:CWB) Given Average Recommendation of "Hold" by Brokerages

Canadian Western Bank (TSE:CWB - Get Free Report) has been given a consensus rating of "Hold" by the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$51.45.

A number of research analysts have recently weighed in on the company. Raymond James lowered Canadian Western Bank from a "moderate buy" rating to a "hold" rating and raised their price target for the stock from C$52.00 to C$54.00 in a research report on Tuesday, September 3rd. Desjardins boosted their target price on Canadian Western Bank from C$53.00 to C$57.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. Cibc World Mkts raised Canadian Western Bank to a "hold" rating in a research note on Tuesday, September 3rd. Royal Bank of Canada lifted their price objective 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. Finally, CIBC upped their target price on shares of Canadian Western Bank from C$60.30 to C$63.50 in a research note on Tuesday, November 26th.

Canadian Western Bank Stock Performance

Shares of TSE CWB traded down C$3.16 during trading on Friday, reaching C$55.59. The company had a trading volume of 3,085,489 shares, compared to its average volume of 367,542. Canadian Western Bank has a 52 week low of C$24.66 and a 52 week high of C$61.81. The business's 50 day moving average price is C$57.02 and its 200-day moving average price is C$47.47. The stock has a market cap of C$5.37 billion, a PE ratio of 18.54, a PEG ratio of 2.95 and a beta of 1.39.

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.