Shares of Canadian Western Bank (TSE:CWB) have received a consensus rating of “Buy” from the thirteen analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$38.85.
CWB has been the subject of several recent research reports. Eight Capital restated a “buy” rating and set a C$41.00 price target on shares of Canadian Western Bank in a research report on Wednesday, December 6th. BMO Capital Markets set a C$33.00 price target 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 target 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 target 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 target 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) traded down C$0.34 during trading on Friday, hitting C$35.71. 475,400 shares of the stock traded hands, compared to its average volume of 289,151. The company has a market capitalization of $3,200.00, a price-to-earnings ratio of 14.76 and a beta of 1.03. Canadian Western Bank has a fifty-two week low of C$23.68 and a fifty-two week high of C$40.83.
In related news, insider James Jeffrey Bowling sold 1,500 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of C$38.13, for a total value of C$57,195.00. 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. Insiders sold a total of 5,238 shares of company stock valued at $155,949 in the last quarter.
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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