Canadian Western Bank (TSE:CWB) Given New C$59.00 Price Target at Raymond James

Canadian Western Bank (TSE:CWB - Free Report) had its price objective upped by Raymond James from C$54.00 to C$59.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have a market perform rating on the stock.

Several other equities research analysts also recently commented on CWB. Cibc World Mkts upgraded Canadian Western Bank to a "hold" rating in a report on Tuesday, September 3rd. Desjardins raised their price target on shares of Canadian Western Bank from C$53.00 to C$57.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. CIBC lifted their price target on shares of Canadian Western Bank from C$60.30 to C$63.50 in a research note on Tuesday, November 26th. BMO Capital Markets upped their price objective on shares of Canadian Western Bank from C$52.00 to C$58.00 in a research report on Monday, November 18th. Finally, Royal Bank of Canada lifted their price target 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. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of C$54.83.

Canadian Western Bank Price Performance

CWB stock traded down C$0.96 during midday trading on Thursday, reaching C$56.16. 242,183 shares of the company's stock traded hands, compared to its average volume of 367,450. Canadian Western Bank has a fifty-two week low of C$24.66 and a fifty-two week high of C$61.81. The business has a 50-day moving average price of C$57.71 and a two-hundred day moving average price of C$49.56. The company has a market capitalization of C$5.43 billion, a P/E ratio of 18.85, a PEG ratio of 2.95 and a beta of 1.39.

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.