Canadian Western Bank (TSE:CWB) Upgraded to Hold by Cibc World Mkts

Canadian Western Bank (TSE:CWB - Get Free Report) was upgraded by Cibc World Mkts to a "hold" rating in a report released on Tuesday, Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. National Bankshares lowered their target price on shares of Canadian Western Bank from C$37.00 to C$30.00 and set an "outperform" rating for the company in a research note on Monday, June 3rd. Jefferies Financial Group boosted their price target on Canadian Western Bank from C$52.00 to C$57.00 and gave the stock a "hold" rating in a research note on Tuesday. CIBC increased their price objective on shares of Canadian Western Bank from C$55.80 to C$60.30 and gave the company a "neutral" rating in a research report on Tuesday. Cormark boosted their target price on shares of Canadian Western Bank from C$46.00 to C$47.00 in a research report on Tuesday. Finally, Royal Bank of Canada raised 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 report on Tuesday. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Canadian Western Bank currently has a consensus rating of "Moderate Buy" and a consensus target price of C$45.41.

Canadian Western Bank Price Performance

Shares of CWB stock traded down C$0.03 during mid-day trading on Tuesday, hitting C$51.93. 279,975 shares of the stock traded hands, compared to its average volume of 371,599. Canadian Western Bank has a 52-week low of C$24.66 and a 52-week high of C$52.80. The stock has a market cap of C$5.01 billion, a P/E ratio of 15.46, a P/E/G ratio of 2.95 and a beta of 1.39. The stock's fifty day moving average is C$47.29 and its two-hundred day moving average is C$35.54.

Insider Buying and Selling at Canadian Western Bank

In related news, Senior Officer Trent Albert Erickson purchased 4,312 shares of the business's stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average price of C$41.44 per share, with a total value of C$178,680.66. In other Canadian Western Bank news, Senior Officer Jenny Siman sold 1,000 shares of the business's stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of C$46.05, for a total value of C$46,050.00. Also, Senior Officer Trent Albert Erickson purchased 4,312 shares of the company's stock in a transaction dated Friday, June 14th. The stock was purchased at an average cost of C$41.44 per share, with a total value of C$178,680.66. 0.46% of the stock is owned by insiders.

Canadian Western Bank Company Profile

Canadian Western Bank provides personal and business banking products and services in Western Canada. The company offers current, savings, US dollar, chequing, flex notice, organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, equipment financing and leasing, aviation financing, and dealership financing products; agriculture lending products and AgriInvest savings account; variable and fixed rate mortgages; line of credit; registered retirement savings plan, consolidation, and vehicle loans; and credit cards.