Canadian Western Bank Receives Average Rating of “Buy” from Brokerages (TSE:CWB)
Canadian Western Bank (TSE:CWB) has received a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the stock, Analyst Ratings Network reports. Five research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$39.75.
Shares of Canadian Western Bank (TSE:CWB) traded down 0.14% during mid-day trading on Wednesday, hitting $41.33. 18,831 shares of the company’s stock traded hands. Canadian Western Bank has a 52 week low of $28.16 and a 52 week high of $42.07. The stock’s 50-day moving average is $40.65 and its 200-day moving average is $37.99. The company has a market cap of $3.308 billion and a price-to-earnings ratio of 16.30.
Canadian Western Bank (TSE:CWB) last released its earnings data on Friday, June 6th. The company reported $0.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.04. On average, analysts predict that Canadian Western Bank will post $2.72 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on CWB shares. Analysts at CIBC raised their price target on shares of Canadian Western Bank from C$40.00 to C$44.00 in a research note on Tuesday. They now have a “sector perform” rating on the stock. Separately, analysts at Scotiabank upgraded shares of Canadian Western Bank to a “sector outperform” rating in a research note on Friday, June 6th. Finally, analysts at National Bank Financial raised their price target on shares of Canadian Western Bank from C$40.00 to C$42.00 in a research note on Friday, June 6th.
Canadian Western Bank (TSE:CWB) is a bank offering a range of financial services.
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