National Bank Financial Boosts Canadian Western Bank (TSE:CWB) Price Target to C$36.00

Canadian Western Bank (TSE:CWB) had its target price hoisted by National Bank Financial from C$30.00 to C$36.00 in a report released on Friday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target indicates a potential downside of 0.17% from the stock’s current price.

CWB has been the topic of several other research reports. CIBC boosted their price target on Canadian Western Bank from C$33.00 to C$38.00 in a research report on Thursday. BMO Capital Markets boosted their target price on Canadian Western Bank from C$34.00 to C$36.00 in a report on Friday, August 30th. Scotiabank boosted their target price on Canadian Western Bank from C$35.00 to C$36.00 in a report on Wednesday. Desjardins boosted their target price on Canadian Western Bank from C$34.00 to C$36.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, CSFB boosted their target price on Canadian Western Bank from C$32.00 to C$33.00 in a report on Friday, September 6th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of C$34.73.

Shares of TSE:CWB traded up C$0.27 during trading on Friday, hitting C$36.06. 177,339 shares of the company were exchanged, compared to its average volume of 223,838. The stock has a market cap of $3.12 billion and a price-to-earnings ratio of 12.06. Canadian Western Bank has a fifty-two week low of C$24.33 and a fifty-two week high of C$36.61. The firm has a fifty day moving average price of C$33.80 and a two-hundred day moving average price of C$31.05.

Canadian Western Bank (TSE:CWB) last posted its quarterly earnings results on Thursday, August 29th. The company reported C$0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.80 by C$0.02. The company had revenue of C$218.48 million for the quarter, compared to analyst estimates of C$220.67 million. As a group, sell-side analysts predict that Canadian Western Bank will post 3.3800001 EPS for the current fiscal year.

In related news, Senior Officer Darrell Robert Jones sold 1,750 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of C$33.15, for a total transaction of C$58,014.25. Following the transaction, the insider now directly owns 17,979 shares of the company’s stock, valued at approximately C$596,021.83.

Canadian Western Bank Company Profile

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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