Brokerages Set Canadian Western Bank (CWB) PT at $39.50
Shares of Canadian Western Bank (TSE:CWB) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$39.25.
A number of analysts have recently issued reports on the stock. Royal Bank of Canada lowered their target price on shares of Canadian Western Bank from C$42.00 to C$40.00 and set an “outperform” rating for the company in a research note on Friday, August 31st. Barclays lowered their target price on shares of Canadian Western Bank from C$38.00 to C$35.00 in a research note on Friday.
Shares of CWB opened at C$30.73 on Friday. Canadian Western Bank has a 12-month low of C$29.81 and a 12-month high of C$40.83.
In other news, insider Lester Shore acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was purchased at an average cost of C$30.73 per share, for a total transaction of C$30,730.00. Insiders purchased 2,850 shares of company stock valued at $90,443 over the last 90 days.
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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