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Canadian Western Bank (TSE:CWB) was downgraded by GMP Securities from a “buy” rating to a “hold” rating in a research note issued on Friday.

Canadian Western Bank (TSE:CWB) traded down 0.63% on Friday, hitting $40.74. The stock had a trading volume of 177,248 shares. Canadian Western Bank has a one year low of $28.47 and a one year high of $43.30. The stock has a 50-day moving average of $41.35 and a 200-day moving average of $38.46. The company has a market cap of $3.261 billion and a P/E ratio of 16.14.

Canadian Western Bank (TSE:CWB) last issued its quarterly 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 $2.71 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on CWB. Analysts at National Bank Financial raised their price target on shares of Canadian Western Bank from C$42.00 to C$44.00 in a research note on Thursday. They now have a “sector perform” rating on the stock. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of C$43.67.

Canadian Western Bank (TSE:CWB) is a bank offering a range of financial services.

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