Canadian Western Bank Price Target Raised to C$43.00 (CWB)
RBC Capital boosted their price target on shares of Canadian Western Bank (TSE:CWB) from C$40.00 to C$43.00 in a research note issued on Thursday. RBC Capital’s price target points to a potential upside of 0.96% from the stock’s previous close.
Shares of Canadian Western Bank (TSE:CWB) traded down 1.90% during mid-day trading on Thursday, hitting $41.85. 20,570 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 $43.30. The stock has a 50-day moving average of $41.32 and a 200-day moving average of $38.44. The company has a market cap of $3.350 billion and a price-to-earnings ratio of 16.80.
Canadian Western Bank (TSE:CWB) last issued its quarterly earnings data 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.
A number of other analysts have also recently weighed in on CWB. Analysts at Credit Suisse raised their price target on shares of Canadian Western Bank from C$45.00 to C$47.00 in a research note on Thursday. Separately, analysts at Canaccord Genuity raised their price target on shares of Canadian Western Bank from C$42.00 to C$44.00 in a research note on Thursday, August 21st. They now have a “buy” rating on the stock. Finally, 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, August 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$42.05.
Canadian Western Bank (TSE:CWB) is a bank offering a range of financial services.
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