Canadian Western Bank (TSE:CWB - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$27.70 and last traded at C$59.49, with a volume of 192275 shares changing hands. The stock had previously closed at C$59.38.
Wall Street Analyst Weigh In
CWB has been the subject of several research reports. Desjardins cut shares of Canadian Western Bank from a "moderate buy" rating to a "hold" rating in a report on Friday, December 20th. BMO Capital Markets upped their price target on Canadian Western Bank from C$52.00 to C$58.00 in a research note on Monday, November 18th. Raymond James increased their price objective on Canadian Western Bank from C$54.00 to C$59.00 and gave the company a "market perform" rating in a report on Thursday, December 19th. CIBC boosted their target price on Canadian Western Bank from C$60.30 to C$63.50 in a report on Tuesday, November 26th. Finally, Scotiabank increased their price target on Canadian Western Bank from C$52.00 to C$62.00 in a report on Monday, November 25th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of C$54.83.
Get Our Latest Report on CWB
Canadian Western Bank Price Performance
The stock's 50 day simple moving average is C$58.39 and its two-hundred day simple moving average is C$52.47. The stock has a market cap of C$5.73 billion, a price-to-earnings ratio of 19.88, a P/E/G ratio of 2.95 and a beta of 1.39.
About Canadian Western Bank
(
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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.
Further Reading
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