Brokerages Set Canadian Western Bank (TSE:CWB) PT at C$51.45

Shares of Canadian Western Bank (TSE:CWB) have received an average rating of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$51.45.

Several analysts have recently weighed in on the stock. Raymond James lowered shares of Canadian Western Bank from a “moderate buy” rating to a “hold” rating and lifted their price objective for the company from C$52.00 to C$54.00 in a research note on Tuesday, September 3rd. CIBC upped their price objective on shares of Canadian Western Bank from C$60.30 to C$63.50 in a report on Tuesday, November 26th. Desjardins raised their target price on Canadian Western Bank from C$53.00 to C$57.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Cibc World Mkts raised Canadian Western Bank to a “hold” rating in a research note on Tuesday, September 3rd. Finally, Royal Bank of Canada raised their price objective on Canadian Western Bank from C$51.00 to C$52.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 3rd.

Canadian Western Bank Stock Performance

Canadian Western Bank stock opened at C$55.59 on Friday. The firm has a 50 day moving average price of C$57.06 and a two-hundred day moving average price of C$47.95. Canadian Western Bank has a 52-week low of C$24.66 and a 52-week high of C$61.81. The firm has a market cap of C$5.37 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 2.95 and a beta of 1.39.

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.