Canadian Western Bank (TSE:CWB) Senior Officer Acquires C$69,137.25 in Stock

Canadian Western Bank (TSE:CWB) Senior Officer Jeffrey Isaac Louis Wright bought 2,275 shares of the company’s stock in a transaction dated Tuesday, May 31st. The shares were purchased at an average price of C$30.39 per share, with a total value of C$69,137.25.

Canadian Western Bank Price Performance

Shares of CWB stock opened at C$56.63 on Tuesday. Canadian Western Bank has a 12-month low of C$24.66 and a 12-month high of C$61.81. The firm has a fifty day moving average of C$58.36 and a 200-day moving average of C$55.03. The firm has a market capitalization of C$5.48 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39.

Wall Street Analysts Forecast Growth

CWB has been the subject of several recent research reports. Raymond James boosted their price objective on Canadian Western Bank from C$54.00 to C$59.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. BMO Capital Markets boosted their price target on shares of Canadian Western Bank from C$52.00 to C$58.00 in a research note on Monday, November 18th. Desjardins cut shares of Canadian Western Bank from a “moderate buy” rating to a “hold” rating in a research note on Friday, December 20th. CIBC upped their target price on shares of Canadian Western Bank from C$60.30 to C$63.50 in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada raised their price target on Canadian Western Bank from C$52.00 to C$60.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Canadian Western Bank presently has an average rating of “Hold” and a consensus target price of C$54.83.

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.