Analysis: Canadian Western Bank (TSE:CWB) Stock Target Upgraded Today
In a very recent research note disseminated by Scotia Capital on Friday, 4 December, the firm, Canadian Western Bank (TSE:CWB), had their target price per share lowered to $27.50. Analusts now have a solid “Sector Perform” rating on the stock.
From a total of 12 analysts covering Canadian Western Bank (TSE:CWB) stock, 1 rate it a ”Buy”, 2 a “Sell”, and 9 a ”Hold”. This means that 8% of the ratings are positive. The highest target price is $25.45 while the lowest target price is $17.21. The mean of all analyst targets is $20.58 with a 8.25% above today’s ($24.6) stock price. Canadian Western Bank was the topic of 11 analyst reports since August 12, 2015 according to the firm StockzIntelligence Inc. Scotia Capital maintained shares on September 4 with “Sector Perform” rating.
The stock decreased 0.89% or $0.22 on December 4, striking $24.6. Approximately shares of stock traded hands. Canadian Western Bank (TSE:CWB) has declined 20.18% since May 4, 2015 and is downtrending. It has underperformed by 19.10% the S&P500.
Canadian Western Bank is a bank offering a range of financial services through more than 40 branch locations in Western Canada. The company has a market cap of $1.98 billion. The bank offers Personal banking, business banking and investing services. It has 9.38 P/E ratio. Personal banking include the provision of bank accounts, mortgages, loans, credit cards, banking services such as online banking, mobile banking and ATM banking, creditor insurance and travel insurance.