Canadian Western Bank (OTCMKTS:CBWBF) Given Average Rating of “Hold” by Analysts

Shares of Canadian Western Bank (OTCMKTS:CBWBF – Get Rating) have been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $31.56.

A number of analysts have weighed in on CBWBF shares. Keefe, Bruyette & Woods lowered shares of Canadian Western Bank from an “outperform” rating to a “market perform” rating in a research note on Sunday, December 4th. Desjardins reduced their price objective on shares of Canadian Western Bank from C$33.00 to C$30.00 in a research note on Monday, December 5th. Royal Bank of Canada raised their price objective on shares of Canadian Western Bank from C$35.00 to C$36.00 in a research note on Monday, December 5th. Scotiabank reduced their price objective on shares of Canadian Western Bank from C$30.00 to C$29.00 in a research note on Tuesday, November 22nd. Finally, Raymond James reduced their price objective on shares of Canadian Western Bank from C$37.00 to C$34.00 in a research note on Monday, December 5th.

Canadian Western Bank Stock Performance

OTCMKTS:CBWBF opened at $20.01 on Friday. Canadian Western Bank has a fifty-two week low of $15.70 and a fifty-two week high of $32.17. The firm has a 50-day simple moving average of $18.37 and a two-hundred day simple moving average of $18.57.

About Canadian Western Bank

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Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, notice, cash management, US dollar, and chequing accounts, as well as organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, and equipment financing and leasing products; agriculture lending products; mortgages; lines of credits; registered retirement savings loans; consolidation, and vehicle loans; and credit cards.