CSFB set a C$31.00 price objective on Canadian Western Bank (TSE:CWB) in a report released on Thursday, BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.
A number of other research firms have also recently commented on CWB. CIBC dropped their target price on shares of Canadian Western Bank from C$36.00 to C$34.00 in a report on Friday, March 8th. TD Securities increased their target price on shares of Canadian Western Bank from C$31.00 to C$32.00 and gave the stock a hold rating in a report on Friday, March 8th. BMO Capital Markets reissued an outperform rating on shares of Canadian Western Bank in a report on Friday, March 8th. Finally, 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$38.00 to C$32.00 in a report on Friday, March 8th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of C$34.45.
CWB opened at C$29.15 on Thursday. Canadian Western Bank has a twelve month low of C$24.33 and a twelve month high of C$38.96. The stock has a market cap of $2.54 billion and a P/E ratio of 10.23.
In other news, Senior Officer Darrell Robert Jones sold 1,500 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of C$29.54, for a total value of C$44,305.50. Following the completion of the transaction, the insider now owns 17,878 shares of the company’s stock, valued at C$528,062.49.
About Canadian Western Bank
Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, senior, chequing, youth, and student accounts, as well as specialized accounts, including corporate and commercial, organization, strata solution/condo, general trust, and trust fund investment accounts.
Featured Article: Channel Trading
Receive News & Ratings for Canadian Western Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Western Bank and related companies with MarketBeat.com's FREE daily email newsletter.