Eight Capital Reaffirms Buy Rating for Canadian Western Bank (CWB)
Canadian Western Bank (TSE:CWB)‘s stock had its “buy” rating reaffirmed by research analysts at Eight Capital in a research report issued to clients and investors on Wednesday. They presently have a C$41.00 target price on the stock. Eight Capital’s price objective would indicate a potential upside of 13.79% from the company’s previous close.
CWB has been the topic of a number of other research reports. Barclays lifted their price objective on shares of Canadian Western Bank from C$28.00 to C$30.00 in a research report on Friday, August 11th. CIBC lifted their price objective on shares of Canadian Western Bank from C$37.00 to C$42.00 in a research report on Monday, November 13th. BMO Capital Markets lifted their price objective on shares of Canadian Western Bank from C$28.00 to C$29.00 and gave the stock a “market perform” rating in a research report on Friday, September 1st. TD Securities lifted their price objective on shares of Canadian Western Bank from C$32.00 to C$36.00 and gave the stock a “hold” rating in a research report on Thursday, September 28th. Finally, Laurentian lifted their price objective on shares of Canadian Western Bank from C$36.00 to C$39.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$35.69.
Canadian Western Bank (TSE CWB) traded down C$0.68 during midday trading on Wednesday, reaching C$36.03. 265,751 shares of the company’s stock were exchanged, compared to its average volume of 385,923. Canadian Western Bank has a 1-year low of C$23.68 and a 1-year high of C$37.36.
WARNING: This article was reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/12/06/eight-capital-reaffirms-buy-rating-for-canadian-western-bank-cwb.html.
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.
Receive News & Ratings for Canadian Western Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Western Bank and related companies with MarketBeat.com's FREE daily email newsletter.