Canadian Western Bank (TSE:CWB) PT Lowered to C$39.50 at BMO Capital Markets

Canadian Western Bank (TSE:CWBGet Rating) had its target price decreased by equities researchers at BMO Capital Markets from C$42.50 to C$39.50 in a research note issued on Monday, BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 28.50% from the stock’s current price.

CWB has been the topic of several other research reports. National Bankshares lowered their target price on Canadian Western Bank from C$44.00 to C$38.00 and set an “outperform” rating on the stock in a research note on Monday. CSFB lowered their target price on Canadian Western Bank from C$35.00 to C$33.00 in a research note on Monday. Royal Bank of Canada lowered their target price on Canadian Western Bank from C$44.00 to C$38.00 and set a “sector perform” rating on the stock in a research note on Monday. TD Securities lowered their target price on Canadian Western Bank from C$42.00 to C$39.00 in a research note on Monday. Finally, CIBC lowered their price target on Canadian Western Bank from C$34.00 to C$32.00 in a research note on Monday. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Canadian Western Bank currently has an average rating of “Buy” and a consensus target price of C$36.86.

CWB traded up C$0.72 during trading on Monday, reaching C$30.74. The company had a trading volume of 336,878 shares, compared to its average volume of 308,795. The firm’s 50-day simple moving average is C$33.79 and its 200 day simple moving average is C$36.41. The company has a market cap of C$2.77 billion and a price-to-earnings ratio of 8.24. Canadian Western Bank has a 12-month low of C$30.00 and a 12-month high of C$41.56.

Canadian Western Bank (TSE:CWBGet Rating) last issued its quarterly earnings results on Friday, February 25th. The company reported C$0.99 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.95 by C$0.04. The company had revenue of C$265.98 million during the quarter, compared to analysts’ expectations of C$268.45 million. Analysts anticipate that Canadian Western Bank will post 4.23 earnings per share for the current fiscal year.

In other Canadian Western Bank news, Senior Officer Niall Boles sold 1,300 shares of Canadian Western Bank stock in a transaction on Wednesday, April 20th. The stock was sold at an average price of C$34.60, for a total value of C$44,975.06. Following the completion of the transaction, the insider now directly owns 32 shares of the company’s stock, valued at approximately C$1,107.08. Also, Senior Officer Darrell Robert Jones sold 2,854 shares of the business’s stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of C$37.60, for a total value of C$107,310.40. Following the sale, the insider now owns 21,094 shares in the company, valued at approximately C$793,134.40. Over the last ninety days, insiders sold 4,554 shares of company stock valued at $166,217.

Canadian Western Bank Company Profile (Get Rating)

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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