Barclays Increases Canadian Western Bank Price Target to C$43.00 (CWB)
Equities research analysts at Barclays hoisted their price objective on shares of Canadian Western Bank (TSE:CWB) from C$40.00 to C$43.00 in a research note issued to investors on Tuesday. Barclays’ target price indicates a potential upside of 2.99% from the company’s current price.
Canadian Western Bank (TSE:CWB) traded up 0.93% during mid-day trading on Tuesday, hitting $42.22. The stock had a trading volume of 22,818 shares. Canadian Western Bank has a 1-year low of $28.16 and a 1-year high of $42.07. The stock has a 50-day moving average of $40.87 and a 200-day moving average of $38.11. The company has a market cap of $3.380 billion and a P/E ratio of 16.47.
Canadian Western Bank (TSE:CWB) last posted its quarterly earnings results on Friday, June 6th. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters 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 other analysts have also recently weighed in 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$40.65.
Canadian Western Bank (TSE:CWB) is a bank offering a range of financial services.
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