Canadian Western Bank (TSE:CWB) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Shares of Canadian Western Bank (TSE:CWB - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$53.08 and traded as high as C$59.43. Canadian Western Bank shares last traded at C$59.22, with a volume of 346,222 shares traded.

Analyst Ratings Changes

Several research analysts have recently issued reports on CWB shares. Desjardins downgraded shares of Canadian Western Bank from a "moderate buy" rating to a "hold" rating in a report on Friday, December 20th. 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 research report on Thursday, December 19th. Raymond James boosted 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 research report on Thursday, December 19th. CIBC raised their target price on Canadian Western Bank from C$60.30 to C$63.50 in a research report on Tuesday, November 26th. Finally, BMO Capital Markets increased their price objective on shares of Canadian Western Bank from C$52.00 to C$58.00 in a research note on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Canadian Western Bank currently has an average rating of "Hold" and an average target price of C$54.83.

Canadian Western Bank Price Performance

The firm has a market capitalization of C$5.73 billion, a P/E ratio of 19.89, a PEG ratio of 2.95 and a beta of 1.39. The company's 50 day moving average price is C$58.61 and its 200 day moving average price is C$53.08.

Canadian Western Bank Company Profile

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.