Canadian Western Bank (TSE:CWB) Price Target Raised to C$60.00

Canadian Western Bank (TSE:CWB) had its target price lifted by Royal Bank of Canada from C$52.00 to C$60.00 in a research report released on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other analysts have also recently issued reports on CWB. BMO Capital Markets increased their price objective on shares of Canadian Western Bank from C$52.00 to C$58.00 in a research note on Monday, November 18th. CIBC raised their price target on Canadian Western Bank from C$60.30 to C$63.50 in a report on Tuesday, November 26th. Scotiabank upped their price objective on Canadian Western Bank from C$52.00 to C$62.00 in a research note on Monday, November 25th. Desjardins increased their target price on Canadian Western Bank from C$53.00 to C$57.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Cormark boosted their price target on Canadian Western Bank from C$46.00 to C$47.00 in a report on Tuesday, September 3rd. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$54.83.

Canadian Western Bank Stock Up 4.2 %

Shares of CWB opened at C$58.53 on Thursday. Canadian Western Bank has a 52 week low of C$24.66 and a 52 week high of C$61.81. The stock has a market cap of C$5.66 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 2.95 and a beta of 1.39. The business has a 50-day simple moving average of C$57.79 and a two-hundred day simple moving average of C$49.78.

About Canadian Western Bank

Canadian Western Bank is a diversified financial service organization providing banking, trust, and wealth management services. The group operates through a number of subsidiaries providing different areas of financial services. Canadian Western Bank offers business banking services including general commercial banking, equipment financing and leasing, real estate financing, and other services for small- and medium-sized companies, as well as personal banking services including chequing and savings accounts, loans, mortgages, and investment products.