Barclays Boosts Canadian Western Bank (CWB) Price Target to C$37.00

Canadian Western Bank (TSE:CWB) had its price target raised by Barclays from C$36.00 to C$37.00 in a research note released on Friday.

A number of other equities research analysts have also weighed in on CWB. TD Securities boosted their target price on shares of Canadian Western Bank from C$39.00 to C$40.00 and gave the stock a hold rating in a report on Friday. CSFB boosted their target price on shares of Canadian Western Bank from C$34.00 to C$37.00 in a report on Friday, December 8th. Canaccord Genuity boosted their target price on shares of Canadian Western Bank from C$35.00 to C$38.00 and gave the stock a hold rating in a report on Friday, December 8th. National Bank Financial boosted their target price on shares of Canadian Western Bank from C$35.00 to C$38.00 and gave the stock a sector perform rating in a report on Friday, December 8th. Finally, CIBC reduced their target price on shares of Canadian Western Bank from C$42.00 to C$40.00 in a report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of C$38.85.

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Shares of Canadian Western Bank (CWB) opened at C$35.71 on Friday. The stock has a market cap of $3,200.00, a P/E ratio of 14.76 and a beta of 1.03. Canadian Western Bank has a 1-year low of C$23.68 and a 1-year high of C$40.83.

Canadian Western Bank (TSE:CWB) last announced its quarterly earnings results on Thursday, December 7th. The company reported C$0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.67 by C$0.07. The company had revenue of C$195.12 million for the quarter, compared to analyst estimates of C$188.80 million. Canadian Western Bank had a net margin of 33.13% and a return on equity of 11.23%.

In other Canadian Western Bank news, insider Allen David Stephen sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of C$40.00, for a total transaction of C$40,000.00. Insiders have sold a total of 3,738 shares of company stock worth $98,754 over the last three months.

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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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