Canadian Western Bank (OTCMKTS:CBWBF) PT Lowered to C$34.00

Canadian Western Bank (OTCMKTS:CBWBFGet Rating) had its target price lowered by stock analysts at National Bank Financial from C$38.00 to C$34.00 in a report issued on Friday, The Fly reports.

A number of other brokerages have also recently commented on CBWBF. CIBC decreased their price target on Canadian Western Bank from C$32.00 to C$30.00 in a research note on Tuesday, August 16th. BMO Capital Markets lowered their price target on shares of Canadian Western Bank from C$39.50 to C$35.00 in a report on Monday, August 29th. TD Securities cut their price target on shares of Canadian Western Bank from C$39.00 to C$38.00 in a report on Monday, August 29th. Scotiabank lowered Canadian Western Bank from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 29th. Finally, Credit Suisse Group cut their price objective on Canadian Western Bank from C$30.00 to C$29.00 in a research report on Monday, August 29th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.67.

Canadian Western Bank Price Performance

Shares of OTCMKTS:CBWBF opened at $18.80 on Friday. The stock’s 50-day moving average price is $17.30 and its 200-day moving average price is $20.02. Canadian Western Bank has a 12-month low of $15.70 and a 12-month high of $32.48.

About Canadian Western Bank

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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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