Canadian Western Bank (TSE:CWB) Receives Average Recommendation of “Hold” from Brokerages
Shares of Canadian Western Bank (TSE:CWB) have been given a consensus recommendation of “Hold” by the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$29.78.
Several analysts recently commented on the stock. Scotiabank reissued a “sector perform” rating and set a C$32.00 price objective on shares of Canadian Western Bank in a research report on Monday, March 6th. CIBC increased their price objective on shares of Canadian Western Bank from C$32.00 to C$33.00 in a research report on Tuesday, March 7th. TD Securities reissued a “hold” rating and set a C$32.00 price objective on shares of Canadian Western Bank in a research report on Wednesday, March 29th. BMO Capital Markets reissued a “market perform” rating and set a C$28.00 price objective on shares of Canadian Western Bank in a research report on Wednesday, March 29th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$30.00 price target on shares of Canadian Western Bank in a report on Thursday, March 30th.
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Canadian Western Bank (TSE:CWB) traded up 0.15% on Monday, reaching $27.38. 317,069 shares of the company traded hands. The company has a market capitalization of $2.42 billion and a PE ratio of 12.51. The stock’s 50 day moving average price is $25.74 and its 200 day moving average price is $28.60. Canadian Western Bank has a one year low of $23.68 and a one year high of $32.29.
Canadian Western Bank (TSE:CWB) last announced its quarterly earnings data on Thursday, June 1st. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Canadian Western Bank had a net margin of 29.86% and a return on equity of 9.00%. The company had revenue of $172.44 million for the quarter, compared to the consensus estimate of $169 million. On average, equities research analysts predict that Canadian Western Bank will post $2.44 EPS for the current fiscal year.
Canadian Western Bank Company Profile
Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. The Bank offers financing solutions through CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage, trust services through Canadian Western Trust and wealth advisory services through CWB Wealth Management.
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