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

Shares of Canadian Western Bank (TSE:CWB - Get Free Report) have been assigned a consensus rating of "Hold" from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$54.83.

Several analysts recently issued reports on the stock. 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 increased their price target on shares of Canadian Western Bank from C$52.00 to C$58.00 in a research report on Monday, November 18th. Royal Bank of Canada lifted their price target on Canadian Western Bank from C$52.00 to C$60.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 19th. Raymond James increased their target price on Canadian Western Bank from C$54.00 to C$59.00 and gave the stock a "market perform" rating in a report on Thursday, December 19th. Finally, CIBC lifted 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

Canadian Western Bank stock traded up C$0.26 during midday trading on Friday, hitting C$58.77. 164,598 shares of the stock were exchanged, compared to its average volume of 329,027. 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 cap of C$5.68 billion, a P/E ratio of 19.72, a P/E/G ratio of 2.95 and a beta of 1.39. The company has a 50 day moving average price of C$58.82 and a two-hundred day moving average price of C$53.99.

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.