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

Canadian Western Bank (TSE:CWB) has been given a consensus recommendation of “Hold” by the nine research firms that are covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$54.83.

CWB has been the subject of several recent analyst reports. Scotiabank lifted their price objective on shares of Canadian Western Bank from C$52.00 to C$62.00 in a research note on Monday, November 25th. CIBC raised their price objective on Canadian Western Bank from C$60.30 to C$63.50 in a report on Tuesday, November 26th. Raymond James boosted their price target on shares of Canadian Western Bank from C$54.00 to C$59.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Desjardins cut Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a research note on Friday, December 20th. Finally, Royal Bank of Canada increased their target price on shares of Canadian Western Bank from C$52.00 to C$60.00 and gave the company a “sector perform” rating in a research report on Thursday, December 19th.

Canadian Western Bank Price Performance

The company has a market capitalization of C$5.48 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 2.95 and a beta of 1.39. Canadian Western Bank has a 12-month low of C$24.66 and a 12-month high of C$61.81. The company’s 50 day simple moving average is C$58.00 and its two-hundred day simple moving average is C$55.53.

About Canadian Western Bank

Canadian Western Bank is a diversified financial service organization providing banking, trust, and wealth management services. The group operates through a number of subsidiaries providing different areas of financial services. Canadian Western Bank offers business banking services including general commercial banking, equipment financing and leasing, real estate financing, and other services for small- and medium-sized companies, as well as personal banking services including chequing and savings accounts, loans, mortgages, and investment products.