Irfhan Abdulaziz Rawji Purchases 700 Shares of Canadian Western Bank (TSE:CWB) Stock

Canadian Western Bank (TSE:CWBGet Rating) Director Irfhan Abdulaziz Rawji bought 700 shares of Canadian Western Bank stock in a transaction on Friday, July 29th. The stock was acquired at an average cost of C$25.85 per share, with a total value of C$18,095.00. Following the acquisition, the director now owns 20,569 shares in the company, valued at approximately C$531,708.65.

Canadian Western Bank Stock Performance

TSE CWB opened at C$25.87 on Monday. The company has a market capitalization of C$2.37 billion and a PE ratio of 6.83. The business’s fifty day moving average is C$27.34 and its 200 day moving average is C$33.05. Canadian Western Bank has a fifty-two week low of C$24.11 and a fifty-two week high of C$41.56.

Wall Street Analysts Forecast Growth

CWB has been the subject of a number of research analyst reports. BMO Capital Markets reduced their target price on Canadian Western Bank from C$42.50 to C$39.50 and set a “buy” rating for the company in a report on Monday, May 30th. CSFB dropped their price target on Canadian Western Bank from C$35.00 to C$33.00 in a research note on Monday, May 30th. National Bank Financial upgraded Canadian Western Bank from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Sunday, May 15th. Credit Suisse Group dropped their price target on Canadian Western Bank to C$33.00 and set a “neutral” rating on the stock in a research note on Monday, May 30th. Finally, TD Securities dropped their price target on Canadian Western Bank from C$42.00 to C$39.00 in a research note on Monday, May 30th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$36.68.

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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