Canadian Western Bank (CWB) Given a C$31.00 Price Target by CSFB Analysts

Canadian Western Bank (TSE:CWB) received a C$31.00 price objective from equities researchers at CSFB in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CSFB’s price objective suggests a potential upside of 6.02% from the stock’s previous close.

A number of other research firms have also recently issued reports on CWB. Royal Bank of Canada cut Canadian Western Bank from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$38.00 to C$32.00 in a research note on Friday, March 8th. BMO Capital Markets reissued an “outperform” rating on shares of Canadian Western Bank in a research note on Friday, March 8th. TD Securities increased their target price on Canadian Western Bank from C$31.00 to C$32.00 and gave the stock a “hold” rating in a research note on Friday, March 8th. Finally, CIBC decreased their price target on shares of Canadian Western Bank from C$36.00 to C$34.00 in a research note on Friday, March 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Canadian Western Bank presently has a consensus rating of “Hold” and a consensus target price of C$34.45.

Shares of TSE:CWB traded down C$0.39 during mid-day trading on Thursday, reaching C$29.24. The stock had a trading volume of 139,884 shares, compared to its average volume of 242,711. The company has a market capitalization of $2.60 billion and a price-to-earnings ratio of 10.26. Canadian Western Bank has a twelve month low of C$24.33 and a twelve month high of C$38.96.

Canadian Western Bank (TSE:CWB) last posted its earnings results on Thursday, March 7th. The company reported C$0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.78 by C$0.02. The business had revenue of C$212.44 million for the quarter, compared to the consensus estimate of C$211.70 million. On average, equities analysts anticipate that Canadian Western Bank will post 3.45000003509664 earnings per share for the current year.

In other news, Senior Officer Darrell Robert Jones sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of C$29.54, for a total transaction of C$44,305.50. Following the completion of the transaction, the insider now directly owns 17,878 shares of the company’s stock, valued at approximately C$528,062.49.

Canadian Western Bank Company Profile

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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