Canadian Western Bank (TSE:CWB) Given Consensus Recommendation of “Hold” by Analysts
Shares of Canadian Western Bank (TSE:CWB) have been given an average recommendation of “Hold” by the eleven ratings firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$34.91.
Several analysts recently issued reports on CWB shares. National Bank Financial increased their price target on Canadian Western Bank from C$30.00 to C$36.00 and gave the company a “sector perform” rating in a report on Friday, November 22nd. Canaccord Genuity boosted their price objective on Canadian Western Bank from C$34.00 to C$36.00 in a research note on Monday, November 25th. Scotiabank upped their target price on Canadian Western Bank from C$35.00 to C$36.00 in a research report on Wednesday, November 20th. CIBC increased their target price on Canadian Western Bank from C$33.00 to C$38.00 in a research note on Thursday, November 21st. Finally, Eight Capital raised their target price on Canadian Western Bank from C$34.00 to C$36.00 in a report on Wednesday, September 4th.
In other Canadian Western Bank news, Senior Officer Darrell Robert Jones sold 1,750 shares of the firm’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 completion of the sale, the insider now owns 17,979 shares in the company, 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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