Canadian Western Bank (TSE:CWB) PT Raised to C$57.00

Canadian Western Bank (TSE:CWB) had its price objective boosted by analysts at Jefferies Financial Group from C$52.00 to C$57.00 in a research note issued on Tuesday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 11.46% from the stock’s current price.

CWB has been the topic of several other reports. CIBC lowered shares of Canadian Western Bank from a “neutral” rating to a “tender” rating and upped their target price for the stock from C$30.00 to C$55.80 in a research report on Tuesday, June 18th. National Bankshares reduced 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 research report on Monday, June 3rd. Desjardins increased their price target on shares of Canadian Western Bank from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. BMO Capital Markets downgraded Canadian Western Bank from an “outperform” rating to a “market perform” rating and raised their price target for the stock from C$35.00 to C$52.00 in a report on Wednesday, June 12th. Finally, Scotiabank upped their target price on shares of Canadian Western Bank from C$30.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 18th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Canadian Western Bank currently has an average rating of “Moderate Buy” and an average price target of C$44.10.

Canadian Western Bank Stock Down 0.6 %

Shares of CWB stock traded down C$0.33 during mid-day trading on Tuesday, hitting C$51.14. 186,845 shares of the stock were exchanged, compared to its average volume of 370,022. The company has a market cap of C$4.94 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39. Canadian Western Bank has a 52-week low of C$24.66 and a 52-week high of C$52.80. The firm has a fifty day moving average of C$46.79 and a 200 day moving average of C$35.14.

Canadian Western Bank (TSE:CWB) last announced its earnings results on Friday, May 31st. The company reported C$0.81 earnings per share for the quarter, missing the consensus estimate of C$0.86 by C($0.05). Canadian Western Bank had a return on equity of 8.66% and a net margin of 32.29%. The business had revenue of C$285.92 million for the quarter, compared to analysts’ expectations of C$290.33 million. Equities analysts predict that Canadian Western Bank will post 3.703869 EPS for the current year.

Insider Transactions at Canadian Western Bank

In other Canadian Western Bank news, Senior Officer Jenny Siman sold 1,000 shares of Canadian Western Bank stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of C$46.05, for a total value of C$46,050.00. In related news, Senior Officer Jenny Siman sold 1,000 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of C$46.05, for a total transaction of C$46,050.00. Also, Senior Officer Trent Albert Erickson acquired 4,312 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were acquired at an average cost of C$41.44 per share, with a total value of C$178,680.66. Company insiders own 0.46% 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.