Canadian Western Bank (TSE:CWB) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Canadian Western Bank (TSE:CWB) had its price target hoisted by BMO Capital Markets from C$52.00 to C$58.00 in a report released on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential downside of 1.31% from the company’s previous close.

Several other equities research analysts also recently commented on CWB. Cormark boosted their target price on shares of Canadian Western Bank from C$46.00 to C$47.00 in a research note on Tuesday, September 3rd. CIBC boosted their price target on shares of Canadian Western Bank from C$55.80 to C$60.30 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Desjardins raised their price objective on shares of Canadian Western Bank from C$53.00 to C$57.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Jefferies Financial Group lifted their target price on shares of Canadian Western Bank from C$52.00 to C$57.00 and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Finally, Cibc World Mkts upgraded Canadian Western Bank to a “hold” rating in a research report on Tuesday, September 3rd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Canadian Western Bank currently has a consensus rating of “Moderate Buy” and a consensus price target of C$48.57.

Canadian Western Bank Stock Up 0.2 %

TSE:CWB opened at C$58.77 on Monday. The firm has a 50-day moving average price of C$55.45 and a 200 day moving average price of C$45.07. The firm has a market capitalization of C$5.68 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39. Canadian Western Bank has a 12-month low of C$24.66 and a 12-month high of C$58.80.

Canadian Western Bank (TSE:CWB) last issued its earnings results on Friday, August 30th. The company reported C$0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.87 by C($0.27). The company had revenue of C$298.47 million during the quarter, compared to analyst estimates of C$296.88 million. Canadian Western Bank had a return on equity of 7.51% and a net margin of 29.23%. On average, research analysts expect that Canadian Western Bank will post 3.656168 EPS for the current year.

Insider Activity at Canadian Western Bank

In other news, Senior Officer Trent Albert Erickson sold 3,900 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of C$51.42, for a total transaction of C$200,538.00. 0.46% of the stock is currently owned by company insiders.

Canadian Western Bank Company Profile

Canadian Western Bank provides personal and business banking products and services in Western Canada. The company offers current, savings, US dollar, chequing, flex notice, organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, equipment financing and leasing, aviation financing, and dealership financing products; agriculture lending products and AgriInvest savings account; variable and fixed rate mortgages; line of credit; registered retirement savings plan, consolidation, and vehicle loans; and credit cards.