Canadian Western Bank (TSE:CWB - Get Free Report) Senior Officer Jeffrey Isaac Louis Wright acquired 2,275 shares of the firm's stock in a transaction dated Tuesday, May 31st. The shares were acquired at an average price of C$30.39 per share, for a total transaction of C$69,137.25.
Canadian Western Bank Stock Performance
Shares of CWB remained flat at C$56.63 during midday trading on Wednesday. The firm's fifty day simple moving average is C$58.28 and its 200 day simple moving average is C$55.10. The stock has a market capitalization of C$5.48 billion, a P/E ratio of 19.00, a PEG ratio of 2.95 and a beta of 1.39. Canadian Western Bank has a 1 year low of C$24.66 and a 1 year high of C$61.81.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on CWB shares. Royal Bank of Canada raised their price objective on Canadian Western Bank from C$52.00 to C$60.00 and gave the stock a "sector perform" rating in a report on Thursday, December 19th. CIBC raised their price objective on Canadian Western Bank from C$60.30 to C$63.50 in a report on Tuesday, November 26th. Raymond James lifted their target price 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. Scotiabank lifted their target price on Canadian Western Bank from C$52.00 to C$62.00 in a report on Monday, November 25th. Finally, BMO Capital Markets lifted their target price on Canadian Western Bank from C$52.00 to C$58.00 in a report on Monday, November 18th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Canadian Western Bank has a consensus rating of "Hold" and an average target price of C$54.83.
Get Our Latest Research Report on CWB
About Canadian Western Bank
(
Get Free Report)
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.
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