Royal Bank of Canada Cuts Canadian Western Bank (CWB) Price Target to C$38.00
Canadian Western Bank (TSE:CWB) had its price objective decreased by Royal Bank of Canada from C$40.00 to C$38.00 in a research note published on Friday. Royal Bank of Canada currently has an outperform rating on the stock.
Several other analysts also recently commented on CWB. TD Securities dropped their price objective on Canadian Western Bank from C$33.00 to C$31.00 in a research note on Friday. CIBC dropped their price objective on Canadian Western Bank from C$40.00 to C$36.00 in a research note on Friday. National Bank Financial dropped their price objective on Canadian Western Bank from C$38.00 to C$32.00 and set a sector perform rating on the stock in a research note on Friday. Eight Capital dropped their price objective on Canadian Western Bank from C$43.00 to C$36.00 in a research note on Friday. Finally, Barclays dropped their price objective on Canadian Western Bank from C$35.00 to C$27.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Canadian Western Bank has a consensus rating of Hold and a consensus price target of C$35.75.
Canadian Western Bank stock traded down C$0.13 during mid-day trading on Friday, hitting C$26.55. 461,600 shares of the company’s stock were exchanged, compared to its average volume of 262,359. Canadian Western Bank has a fifty-two week low of C$25.31 and a fifty-two week high of C$40.83.
In other news, insider Lester Shore purchased 1,000 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were purchased at an average price of C$30.73 per share, with a total value of C$30,730.00. Insiders acquired a total of 2,850 shares of company stock worth $90,443 in the last three months.
About Canadian Western Bank
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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