Canadian Western Bank (OTCMKTS:CBWBF) Shares Pass Below 50-Day Moving Average of $20.81

Shares of Canadian Western Bank (OTCMKTS:CBWBFGet Rating) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $20.81 and traded as low as $20.42. Canadian Western Bank shares last traded at $20.42, with a volume of 110 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CBWBF shares. Desjardins cut their target price on shares of Canadian Western Bank from C$44.00 to C$38.00 in a research note on Tuesday, May 31st. BMO Capital Markets began coverage on shares of Canadian Western Bank in a research note on Monday, May 30th. They set a “buy” rating and a $39.50 target price on the stock. CIBC dropped their price target on shares of Canadian Western Bank from C$34.00 to C$32.00 in a research note on Tuesday, May 31st. National Bank Financial upgraded shares of Canadian Western Bank from a “sector perform” rating to an “outperform” rating in a research note on Monday, May 16th. Finally, Scotiabank dropped their price target on shares of Canadian Western Bank from C$48.00 to C$44.00 in a research note on Wednesday, April 13th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $39.50.

Canadian Western Bank Stock Up 1.7 %

The company has a fifty day moving average price of $20.81 and a two-hundred day moving average price of $25.71.

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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