Canadian Western Bank (CWB) Receives C$38.85 Consensus PT from Analysts
Shares of Canadian Western Bank (TSE:CWB) have been assigned a consensus rating of “Buy” from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$38.85.
CWB has been the subject of a number of analyst reports. Eight Capital restated a “buy” rating and set a C$41.00 price objective on shares of Canadian Western Bank in a research report on Wednesday, December 6th. BMO Capital Markets set a C$33.00 price objective on shares of Canadian Western Bank and gave the stock a “market perform” rating in a research report on Thursday, November 16th. Canaccord Genuity upped their price objective on shares of Canadian Western Bank from C$38.00 to C$40.00 in a research report on Tuesday, January 16th. Scotiabank upped their price objective on shares of Canadian Western Bank from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a research report on Friday, December 8th. Finally, Royal Bank of Canada upped their price objective on shares of Canadian Western Bank from C$36.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Friday, December 8th.
Canadian Western Bank (TSE:CWB) opened at C$35.53 on Friday. The company has a market cap of $3,150.00, a price-to-earnings ratio of 13.93 and a beta of 1.03. Canadian Western Bank has a 12-month low of C$23.68 and a 12-month high of C$40.83.
In other Canadian Western Bank news, Director Margaret Jean Mulligan acquired 800 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were purchased at an average cost of C$35.72 per share, with a total value of C$28,576.00. Also, insider Allen David Stephen sold 1,450 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of C$40.52, for a total transaction of C$58,754.00. Over the last ninety days, insiders have sold 3,738 shares of company stock worth $98,754.
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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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