Canadian Western Bank (TSE:CWB – Get Free Report) had its price target upped by analysts at Barclays from C$26.00 to C$29.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 15.40% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Cormark decreased their price objective on shares of Canadian Western Bank from C$30.00 to C$28.00 in a report on Monday, May 29th. Royal Bank of Canada upgraded shares of Canadian Western Bank from a “sector perform” rating to an “outperform” rating and dropped their price objective for the company from C$35.00 to C$34.00 in a research note on Tuesday, May 30th. National Bankshares dropped their price objective on shares of Canadian Western Bank from C$31.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Monday, May 29th. Scotiabank cut their target price on Canadian Western Bank from C$28.00 to C$27.00 in a research note on Monday, May 29th. Finally, Raymond James reduced their price target on Canadian Western Bank from C$34.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Monday, May 29th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Western Bank currently has an average rating of “Moderate Buy” and a consensus price target of C$29.17.
Read Our Latest Analysis on CWB
Canadian Western Bank Trading Up 0.1 %
Shares of TSE:CWB opened at C$25.13 on Monday. Canadian Western Bank has a 12 month low of C$21.21 and a 12 month high of C$29.11. The company has a 50-day moving average price of C$25.57 and a 200 day moving average price of C$25.33. The company has a market cap of C$2.42 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 2.95 and a beta of 1.65.
Canadian Western Bank (TSE:CWB – Get Free Report) last announced its quarterly earnings data on Friday, May 26th. The company reported C$0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.78 by C($0.04). The firm had revenue of C$264.41 million during the quarter, compared to the consensus estimate of C$269.27 million. Canadian Western Bank had a return on equity of 8.96% and a net margin of 31.98%. As a group, equities analysts forecast that Canadian Western Bank will post 3.5337931 EPS for the current year.
About Canadian Western Bank
Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, notice, cash management, US dollar, and chequing accounts, as well as organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, and equipment financing and leasing products; agriculture lending products; mortgages; lines of credits; registered retirement savings loans; consolidation, and vehicle loans; and credit cards.
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