Canadian Western Bank PT Raised to C$47.00 at Credit Suisse (CWB)
Equities researchers at Credit Suisse hoisted their price objective on shares of Canadian Western Bank (TSE:CWB) from C$45.00 to C$47.00 in a research report issued on Thursday. Credit Suisse’s price objective would indicate a potential upside of 10.35% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. 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 a consensus target price of C$42.05.
Canadian Western Bank (TSE:CWB) traded down 1.90% on Thursday, hitting $41.85. The stock had a trading volume of 20,660 shares. Canadian Western Bank has a 1-year low of $28.16 and a 1-year 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 $3.350 billion and a P/E 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 (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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