Canadian Western Bank PT Raised to C$44.00 (CWB)
Equities research analysts at Canaccord Genuity lifted their price objective on shares of Canadian Western Bank (TSE:CWB) from C$42.00 to C$44.00 in a research note issued to investors on Thursday. Canaccord Genuity’s price objective would suggest a potential upside of 3.70% from the company’s current price.
A number of other analysts have also recently weighed in on CWB. Analysts at Barclays raised their price target on shares of Canadian Western Bank from C$40.00 to C$43.00 in a research note on Tuesday. Separately, 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. Finally, analysts at Scotiabank upgraded shares of Canadian Western Bank to a “sector outperform” rating in a research note on Friday, June 6th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Canadian Western Bank currently has an average rating of “Buy” and an average target price of C$40.95.
Canadian Western Bank (TSE:CWB) opened at 42.45 on Thursday. Canadian Western Bank has a 52-week low of $28.16 and a 52-week high of $42.71. The stock’s 50-day moving average is $40.99 and its 200-day moving average is $38.20. The company has a market cap of $3.398 billion and a price-to-earnings ratio of 16.68.
Canadian Western Bank (TSE:CWB) last announced its 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. On average, analysts predict that Canadian Western Bank will post $2.72 earnings per share for the current fiscal year.
Canadian Western Bank (TSE:CWB) is a bank offering a range of financial services.
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