Canadian Western Bank (TSE: CWB) stocks have received a consensus recommendation of “hold” from the eleven brokers currently covering the company, Marketbeat reports. Four analysts have given the share a hold rating and two have given it a buy rating. The average target price for a year among brokers who covered the stock last year is $ 34.73.
CWB has been the subject of several recent analyst reports. Raymond James lowered the shares of Canadian Western Bank from an “Outperform” rating to a “Market Perform” rating and raised the price target for the company from C $ 33.50 to 35 in a report dated March 1st .50 C $. Cormark raised its target price on shares of Canadian Western Bank from C $ 32.00 to C $ 36.00 in a report on Tuesday, March 2nd. The Royal Bank of Canada raised its target price on shares of Canadian Western Bank from C $ 32.00 to C $ 36.00 and gave the company a “sector performance” rating in a report on Monday, March 1st. National Bank Financial raised its target price on shares of Canadian Western Bank from C $ 32.00 to C $ 35.00 and gave the company a “sector performance” rating in a research report on Monday March 1st. Finally, TD Securities raised its target price on shares of Canadian Western Bank from C $ 33.00 to C $ 36.00 and rated the stock as “Buy” in a research note on Monday, March 1st.
In related news, Senior Officer Darrell Robert Jones sold shares in Canadian Western Bank in a transaction on March 9, 2000. The stock was sold at an average price of $ 35.01 for a total transaction of $ 70,020. Upon completion of the sale, the Insider now holds 18,299 shares in the company valued at $ 640,647.99.
CWB’s shares opened at $ 32.15 on Wednesday. The company’s 50-day moving average price is $ 33.07 and the company’s 200-day moving average price is $ 29.79. The stock has a market capitalization of $ 2.80 billion and a P / E ratio of 10.93. Canadian Western Bank has a 52-week low of $ 18.75 and a 52-week high of $ 35.46.
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Canadian Western Bank (TSE: CWB) last released its quarterly earnings data on Friday, February 26th. The company reported earnings per share of $ 0.93 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.75 by $ 0.18. The company posted revenue of $ 245.09 million for the quarter, compared to analyst expectations of $ 235.83 million. As a group, sell-side analysts are forecasting that Canadian Western Bank will post an EPS of 3.4700004 for the current fiscal year.
Canadian Western Bank company profile
Canadian Western Bank provides retail and commercial banking products and services primarily in western Canada. The company offers checking, savings, cash management, U.S. dollar, and checking accounts, as well as organization, shift / condo, general trust, and trust accounts. It also offers commercial loans and real estate, as well as equipment finance and leasing products. Loans and mortgages; secured and unsecured credit lines; registered retirement plan; Consolidation, vehicle and recreational vehicle loans; and credit cards.
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