Canadian Western Bank (CWB) Price Target Raised to C$40.00 at Canaccord Genuity
Canadian Western Bank (TSE:CWB) had its price objective hoisted by analysts at Canaccord Genuity from C$38.00 to C$40.00 in a report released on Tuesday. Canaccord Genuity’s price target would suggest a potential upside of 0.86% from the stock’s current price.
Several other equities analysts also recently weighed in on the stock. TD Securities lifted their price target on shares of Canadian Western Bank from C$32.00 to C$36.00 and gave the company a “hold” rating in a report on Thursday, September 28th. Laurentian lifted their price target on shares of Canadian Western Bank from C$36.00 to C$39.00 and gave the company a “buy” rating in a report on Monday, October 2nd. Laurentian Bank of Canada lifted their price target on shares of Canadian Western Bank from C$36.00 to C$39.00 and gave the company a “buy” rating in a report on Monday, October 2nd. National Bank Financial lifted their price target on shares of Canadian Western Bank from C$32.00 to C$35.00 and gave the company a “sector perform” rating in a report on Tuesday, October 31st. Finally, CIBC lifted their price target on shares of Canadian Western Bank from C$33.00 to C$37.00 in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Canadian Western Bank has a consensus rating of “Hold” and an average target price of C$38.85.
Shares of Canadian Western Bank (CWB) traded up C$0.41 during midday trading on Tuesday, reaching C$39.66. 345,109 shares of the company traded hands, compared to its average volume of 310,280. The company has a market capitalization of $3,510.00, a price-to-earnings ratio of 16.39 and a beta of 1.15. Canadian Western Bank has a 12 month low of C$23.68 and a 12 month high of C$40.29.
In other news, insider James Jeffrey Bowling sold 1,500 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of C$38.13, for a total value of C$57,195.00.
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About Canadian Western Bank
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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