CSFB Increases Canadian Western Bank Price Target to C$47.00 (CWB)
Equities research analysts at CSFB upped their target price on shares of Canadian Western Bank (TSE:CWB) from C$45.00 to C$47.00 in a research note issued to investors on Thursday. The firm currently has a “neutral” rating on the stock. CSFB’s price target would indicate a potential upside of 10.35% from the stock’s previous close.
Shares of Canadian Western Bank (TSE:CWB) traded down 2.84% on Thursday, hitting $41.45. 116,319 shares of the company’s stock traded hands. Canadian Western Bank has a one year low of $28.16 and a one year 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 $3.318 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 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 firms have also recently commented on CWB. 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. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of C$43.25.
Canadian Western Bank (TSE:CWB) is a bank offering a range of financial services.
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