Canadian Western Bank (CWB) Given a C$31.00 Price Target by CSFB Analysts

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.

Canadian Western Bank (TSE:CWB) last posted its quarterly earnings data on Thursday, March 7th. The company reported C$0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.78 by C$0.02. The firm had revenue of C$212.44 million for the quarter, compared to the consensus estimate of C$211.70 million. On average, analysts expect that Canadian Western Bank will post 3.45000003509664 EPS for the current fiscal year.

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.

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Analyst Recommendations for Canadian Western Bank (TSE:CWB)

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