Investment analysts at BMO Capital Markets began coverage on shares of Canadian Western Bank (OTCMKTS:CBWBF – Get Rating) in a report issued on Monday, TipRanks reports. The firm set a “buy” rating and a $39.50 price target on the stock. BMO Capital Markets’ target price would suggest a potential upside of 66.74% from the company’s current price.
A number of other analysts have also commented on the stock. Scotiabank lowered their target price on shares of Canadian Western Bank from C$48.00 to C$44.00 in a report on Wednesday, April 13th. Raymond James boosted their price target on shares of Canadian Western Bank from C$41.00 to C$43.00 in a report on Monday, February 28th. CIBC lowered shares of Canadian Western Bank from an “outperform” rating to a “neutral” rating in a research note on Monday, April 11th. Stifel Nicolaus assumed coverage on shares of Canadian Western Bank in a research report on Thursday, February 17th. They set a “hold” rating on the stock. Finally, National Bank Financial raised shares of Canadian Western Bank from a “sector perform” rating to an “outperform” rating in a report on Monday, May 16th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Canadian Western Bank currently has a consensus rating of “Buy” and a consensus price target of $42.15.
OTCMKTS CBWBF traded down $2.27 during trading on Monday, reaching $23.69. 900 shares of the company traded hands, compared to its average volume of 2,218. Canadian Western Bank has a 1-year low of $23.69 and a 1-year high of $33.05. The stock’s 50 day moving average price is $26.90 and its two-hundred day moving average price is $28.77.
Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, and chequing accounts, as well as organization, strata solution/condo, general trust, and trust fund investment accounts. It also offers commercial lending and real estate, and equipment financing and leasing products; loans and mortgages; secured and unsecured lines of credit; registered retirement savings plan; consolidation, vehicle, and recreation vehicle loans; and credit cards.
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