CIBC Downgrades Canadian Western Bank (OTCMKTS:CBWBF) to Neutral

CIBC downgraded shares of Canadian Western Bank (OTCMKTS:CBWBF – Get Rating) from an outperform rating to a neutral rating in a research report report published on Monday morning, The Fly reports.

CBWBF has been the topic of a number of other research reports. Scotiabank lifted their price objective on shares of Canadian Western Bank from C$45.00 to C$48.00 in a research note on Friday, February 18th. Raymond James lifted their price target on shares of Canadian Western Bank from C$41.00 to C$43.00 in a research note on Monday, February 28th. Finally, Stifel Nicolaus began coverage on shares of Canadian Western Bank in a report on Thursday, February 17th. They issued a hold rating on the stock. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Buy and a consensus target price of $42.40.

Canadian Western Bank stock opened at $26.35 on Monday. Canadian Western Bank has a one year low of $25.46 and a one year high of $33.05. The stock’s 50 day moving average price is $29.43 and its 200 day moving average price is $29.89.

About Canadian Western Bank (Get Rating)

Canadian Western Bank engages in the provision of banking services for small and medium size companies. The firm provides commercial banking and financial services for business banking, personal banking or wealth management. It also offers full-service personal banking options, including checking and savings accounts, loans, mortgages and investment products.

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