Canadian Western Bank (TSE:CWB) had its price objective cut by stock analysts at National Bank Financial from C$38.00 to C$32.00 in a report issued on Friday. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 22.00% from the stock’s current price.

Several other research analysts also recently issued reports on CWB. Royal Bank of Canada reduced their price target on shares of Canadian Western Bank from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Friday, August 31st. Barclays reduced their price target on shares of Canadian Western Bank from C$38.00 to C$35.00 in a research report on Friday, November 16th. Finally, Canaccord Genuity reduced their price target on shares of Canadian Western Bank from C$38.00 to C$36.00 in a research report on Thursday, November 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of C$35.75.

TSE CWB traded down C$0.45 on Friday, hitting C$26.23. 282,082 shares of the company were exchanged, compared to its average volume of 261,576. Canadian Western Bank has a 1-year low of C$25.31 and a 1-year high of C$40.83.

In related news, insider Allen David Stephen purchased 1,000 shares of Canadian Western Bank stock in a transaction that occurred on Thursday, October 11th. The shares were acquired at an average price of C$32.95 per share, for a total transaction of C$32,950.00. In the last quarter, insiders have purchased 2,850 shares of company stock worth $90,443.

About Canadian Western Bank

Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, senior, chequing, youth, and student accounts, as well as specialized accounts, including corporate and commercial, organization, strata solution/condo, general trust, and trust fund investment accounts.

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Analyst Recommendations for Canadian Western Bank (TSE:CWB)

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