Canadian Western Bank (TSE:CWB – Get Rating) reached a new 52-week low during trading on Thursday . The company traded as low as C$26.58 and last traded at C$26.65, with a volume of 276636 shares trading hands. The stock had previously closed at C$27.66.
A number of research firms have commented on CWB. BMO Capital Markets reduced their price target on Canadian Western Bank from C$42.50 to C$39.50 and set a “buy” rating on the stock in a research report on Monday, May 30th. National Bankshares reduced their price target on Canadian Western Bank from C$44.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Monday, May 30th. Barclays cut their target price on Canadian Western Bank to C$36.00 and set an “equal weight” rating on the stock in a research report on Monday, May 30th. CSFB cut their target price on Canadian Western Bank from C$35.00 to C$33.00 in a research report on Monday, May 30th. Finally, Scotiabank cut their target price on Canadian Western Bank from C$44.00 to C$37.00 in a research report on Monday, May 30th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Canadian Western Bank presently has an average rating of “Buy” and a consensus target price of C$36.68.
The stock has a market capitalization of C$2.42 billion and a PE ratio of 7.31. The firm has a 50 day moving average price of C$31.90 and a 200 day moving average price of C$35.52.
Canadian Western Bank Company Profile (TSE:CWB)
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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