Canadian Western Bank Price Target Raised to C$44.00 (CWB)
Equities researchers at National Bank Financial upped their target price on shares of Canadian Western Bank (TSE:CWB) from C$42.00 to C$44.00 in a research report issued on Thursday. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 3.31% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at CSFB raised their price target on shares of Canadian Western Bank from C$45.00 to C$47.00 in a research note on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Canadian Western Bank from C$40.00 to C$43.00 in a research note on Thursday. They now have a “sector perform” rating on the stock. Finally, 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. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Canadian Western Bank presently has an average rating of “Hold” and a consensus target price of C$43.25.
Shares of Canadian Western Bank (TSE:CWB) traded down 2.84% on Thursday, hitting $41.45. The stock had a trading volume of 116,319 shares. Canadian Western Bank has a 52-week low of $28.16 and a 52-week high of $43.30. The stock’s 50-day moving average is $41.32 and its 200-day moving average is $38.44. The company has a market cap of $3.318 billion and a price-to-earnings ratio of 16.80.
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.
Canadian Western Bank (TSE:CWB) is a bank offering a range of financial services.
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