Canadian Western Bank (CWB) Lowered to Underweight at Barclays
Canadian Western Bank (TSE:CWB) was downgraded by Barclays from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Tuesday.
Several other brokerages have also commented on CWB. Canaccord Genuity lifted their price target on shares of Canadian Western Bank from C$29.00 to C$30.00 in a research note on Friday, September 1st. Scotiabank upgraded shares of Canadian Western Bank from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$30.00 to C$33.00 in a research note on Friday, September 1st. CIBC lifted their price target on shares of Canadian Western Bank from C$31.00 to C$33.00 in a research note on Friday, September 1st. Eight Capital reiterated a “buy” rating and set a C$41.00 price target on shares of Canadian Western Bank in a research note on Wednesday, December 6th. Finally, National Bank Financial lifted their price target on shares of Canadian Western Bank from C$32.00 to C$35.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Canadian Western Bank presently has a consensus rating of “Hold” and a consensus price target of C$38.69.
Shares of Canadian Western Bank (TSE CWB) traded up C$0.22 during trading hours on Tuesday, reaching C$37.89. 214,546 shares of the company traded hands, compared to its average volume of 381,374. Canadian Western Bank has a 12-month low of C$23.68 and a 12-month high of C$38.59.
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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.
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