Canadian Western Bank (TSE:CWB) PT Raised to C$52.00

Canadian Western Bank (TSE:CWB) had its price objective raised by equities researchers at Scotiabank from C$30.00 to C$52.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 23.16% from the company’s previous close.

Several other analysts have also issued reports on the company. BMO Capital Markets lowered Canadian Western Bank from an “outperform” rating to a “market perform” rating and upped their target price for the stock from C$35.00 to C$52.00 in a research note on Wednesday, June 12th. Jefferies Financial Group upped their target price on Canadian Western Bank from C$28.00 to C$52.00 and gave the stock a “hold” rating in a research note on Thursday, June 13th. Desjardins upped their target price on Canadian Western Bank from C$32.00 to C$52.00 and gave the stock a “buy” rating in a research note on Tuesday. National Bankshares dropped their price objective on Canadian Western Bank from C$37.00 to C$30.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Finally, CIBC cut shares of Canadian Western Bank from a “neutral” rating to a “tender” rating and raised their target price for the stock from C$30.00 to C$55.80 in a report on Tuesday. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$40.22.

Canadian Western Bank Price Performance

Shares of CWB opened at C$42.22 on Tuesday. The firm has a market cap of C$4.08 billion, a P/E ratio of 12.82, a P/E/G ratio of 2.95 and a beta of 1.54. The stock has a 50 day simple moving average of C$28.13 and a two-hundred day simple moving average of C$28.91. Canadian Western Bank has a 1 year low of C$23.21 and a 1 year high of C$44.00.

Insider Buying and Selling at Canadian Western Bank

In related news, Senior Officer Supriya Anna Maria James sold 4,600 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of C$27.00, for a total value of C$124,203.22. In other Canadian Western Bank news, Senior Officer Mark Stafford sold 1,708 shares of Canadian Western Bank stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$27.94, for a total transaction of C$47,728.69. Also, Senior Officer Supriya Anna Maria James sold 4,600 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of C$27.00, for a total value of C$124,203.22. Insiders own 0.32% of the company’s stock.

Canadian Western Bank Company Profile

Canadian Western Bank provides personal and business banking products and services in Western Canada. The company offers current, savings, US dollar, chequing, flex notice, organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, equipment financing and leasing, aviation financing, and dealership financing products; agriculture lending products and AgriInvest savings account; variable and fixed rate mortgages; line of credit; registered retirement savings plan, consolidation, and vehicle loans; and credit cards.