BMO Capital Markets Boosts Canadian Western Bank (TSE:CWB) Price Target to C$29.00

Canadian Western Bank (TSE:CWB) had its price objective lifted by research analysts at BMO Capital Markets from C$28.00 to C$29.00 in a research note issued to investors on Friday, September 1st. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential downside of 7.05% from the company’s previous close.

CWB has been the topic of a number of other research reports. Barclays PLC upped their price objective on Canadian Western Bank from C$28.00 to C$30.00 in a report on Friday, August 11th. Royal Bank Of Canada lowered their target price on Canadian Western Bank from C$30.00 to C$29.00 and set a “sector perform” rating on the stock in a report on Friday, June 2nd. CIBC upgraded Canadian Western Bank from a “neutral” rating to an “outperform” rating and reduced their price objective for the company from C$33.00 to C$30.00 in a research report on Friday, June 2nd. Scotiabank reduced their target price on Canadian Western Bank from C$29.00 to C$28.00 and set a “sector perform” rating on the stock in a research report on Friday, June 2nd. Finally, TD Securities cut their price objective on Canadian Western Bank from C$30.00 to C$29.00 and set a “hold” rating on the stock in a report on Friday, June 2nd. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$31.61.

Canadian Western Bank (TSE:CWB) opened at 31.20 on Friday. The company’s 50-day moving average is $29.06 and its 200-day moving average is $27.94. The stock has a market capitalization of $2.76 billion and a PE ratio of 13.68. Canadian Western Bank has a 12 month low of $23.68 and a 12 month high of $32.29.

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Canadian Western Bank Company Profile

Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. The Bank offers financing solutions through CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage, trust services through Canadian Western Trust and wealth advisory services through CWB Wealth Management.

Analyst Recommendations for Canadian Western Bank (TSE:CWB)




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