Canadian Western Bank Receives Average Recommendation of “Buy” from Analysts (TSE:CWB)
Shares of Canadian Western Bank (TSE:CWB) have received a consensus rating of “Buy” from the eleven analysts that are currently covering the company, American Banking News reports. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$39.75.
Canadian Western Bank (TSE:CWB) opened at 41.13 on Wednesday. Canadian Western Bank has a 52-week low of $28.16 and a 52-week high of $42.07. The stock has a 50-day moving average of $40.81 and a 200-day moving average of $38.06. The company has a market cap of $3.292 billion and a price-to-earnings ratio of 16.23.
Canadian Western Bank (TSE:CWB) last posted its quarterly earnings results on Friday, June 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. Analysts expect that Canadian Western Bank will post $2.72 EPS for the current fiscal year.
A number of research firms have recently commented on CWB. 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, August 12th. 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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