Desjardins Boosts Canadian Western Bank (TSE:CWB) Price Target to C$52.00

Canadian Western Bank (TSE:CWB) had its price target increased by research analysts at Desjardins from C$32.00 to C$52.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 23.16% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Jefferies Financial Group increased their target price on shares of Canadian Western Bank from C$28.00 to C$52.00 and gave the stock a “hold” rating in a report on Thursday, June 13th. Royal Bank of Canada cut shares of Canadian Western Bank from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$32.00 to C$28.00 in a report on Monday, June 3rd. National Bankshares dropped their target price on shares of Canadian Western Bank from C$37.00 to C$30.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Scotiabank dropped their price objective on shares of Canadian Western Bank from C$32.00 to C$30.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Finally, CIBC dropped their price objective on shares of Canadian Western Bank from C$34.00 to C$30.00 and set a “neutral” rating on the stock in a report on Monday, June 3rd. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Canadian Western Bank currently has an average rating of “Moderate Buy” and a consensus target price of C$40.22.

Canadian Western Bank Stock Performance

Shares of TSE:CWB opened at C$42.22 on Tuesday. The stock has a market capitalization of C$4.08 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 2.95 and a beta of 1.54. Canadian Western Bank has a 1-year low of C$23.21 and a 1-year high of C$44.00. The company’s fifty day moving average is C$28.13 and its two-hundred day moving average is C$28.91.

Insider Buying and Selling at Canadian Western Bank

In other Canadian Western Bank news, Senior Officer Mark Stafford sold 1,708 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of C$27.94, for a total transaction of C$47,728.69. In other news, Senior Officer Mark Stafford sold 1,708 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were 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 firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of C$27.00, for a total transaction of C$124,203.22. 0.32% of the stock is owned by corporate insiders.

About Canadian Western Bank

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.