Canadian Western Bank (CWB) Receives Average Rating of “Hold” from Brokerages

Shares of Canadian Western Bank (TSE:CWB) have been given a consensus rating of “Hold” by the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$34.83.

CWB has been the subject of several recent research reports. Barclays lifted their price target on Canadian Western Bank from C$28.00 to C$30.00 in a research report on Friday, August 11th. Scotiabank lifted their price target on Canadian Western Bank from C$28.00 to C$30.00 and gave the company a “sector perform” rating in a research report on Monday, August 21st. BMO Capital Markets lifted their price target on Canadian Western Bank from C$28.00 to C$29.00 and gave the company a “market perform” rating in a research report on Friday, September 1st. Canaccord Genuity lifted their price target on Canadian Western Bank from C$29.00 to C$30.00 in a research report on Friday, September 1st. Finally, CIBC lifted their price target on Canadian Western Bank from C$31.00 to C$33.00 in a research report on Friday, September 1st.

Shares of Canadian Western Bank (TSE:CWB) traded up C$0.81 during mid-day trading on Thursday, reaching C$36.61. The company had a trading volume of 264,109 shares, compared to its average volume of 386,891. Canadian Western Bank has a 52 week low of C$23.68 and a 52 week high of C$37.36.

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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.

Analyst Recommendations for Canadian Western Bank (TSE:CWB)

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