Canadian Western Bank (TSE:CWB) Price Target Raised to C$63.50 at CIBC

Canadian Western Bank (TSE:CWB) had its target price increased by analysts at CIBC from C$60.30 to C$63.50 in a note issued to investors on Tuesday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 5.34% from the company’s current price.

A number of other analysts have also recently issued reports on CWB. Desjardins raised their price objective on Canadian Western Bank from C$53.00 to C$57.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Jefferies Financial Group lifted their price objective on shares of Canadian Western Bank from C$52.00 to C$57.00 and gave the stock a “hold” rating in a research report on Tuesday, September 3rd. BMO Capital Markets upped their price objective on shares of Canadian Western Bank from C$52.00 to C$58.00 in a report on Monday, November 18th. Cibc World Mkts upgraded shares of Canadian Western Bank to a “hold” rating in a research note on Tuesday, September 3rd. Finally, Cormark upped their price target on shares of Canadian Western Bank from C$46.00 to C$47.00 in a research note on Tuesday, September 3rd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$51.45.

Canadian Western Bank Trading Up 0.9 %

TSE CWB opened at C$60.28 on Tuesday. The firm has a market capitalization of C$5.83 billion, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39. The firm’s fifty day moving average price is C$56.18 and its two-hundred day moving average price is C$46.22. Canadian Western Bank has a 1 year low of C$24.66 and a 1 year high of C$60.35.

Canadian Western Bank (TSE:CWB) last issued its earnings results on Friday, August 30th. The company reported C$0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.87 by C($0.27). Canadian Western Bank had a net margin of 29.23% and a return on equity of 7.51%. The firm had revenue of C$298.47 million during the quarter, compared to the consensus estimate of C$296.88 million. On average, research analysts anticipate that Canadian Western Bank will post 3.656168 EPS for the current fiscal year.

Insider Activity at Canadian Western Bank

In other Canadian Western Bank news, Senior Officer Trent Albert Erickson sold 3,900 shares of Canadian Western Bank stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of C$51.42, for a total value of C$200,538.00. 0.46% of the stock is currently owned by corporate insiders.

About Canadian Western Bank

Canadian Western Bank provides personal and business banking products and services in Western Canada. The company offers current, savings, US dollar, chequing, flex notice, organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, equipment financing and leasing, aviation financing, and dealership financing products; agriculture lending products and AgriInvest savings account; variable and fixed rate mortgages; line of credit; registered retirement savings plan, consolidation, and vehicle loans; and credit cards.