TD Securities Lowers Canadian Western Bank (TSE:CWB) Price Target to C$33.00

Canadian Western Bank (TSE:CWB – Get Rating) had its price target decreased by analysts at TD Securities from C$34.00 to C$33.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 23.36% from the stock’s current price.

CWB has been the topic of a number of other research reports. Royal Bank of Canada boosted their price objective on Canadian Western Bank from C$35.00 to C$36.00 and gave the stock a “sector perform” rating in a research note on Monday, December 5th. Barclays cut their price objective on Canadian Western Bank from C$29.00 to C$28.00 in a report on Monday, December 5th. CSFB upped their price target on Canadian Western Bank from C$26.00 to C$29.00 in a report on Friday, February 17th. Credit Suisse Group cut their price target on Canadian Western Bank to C$26.00 in a report on Monday, December 5th. Finally, National Bankshares dropped their price objective on Canadian Western Bank from C$34.00 to C$31.00 and set an “outperform” rating on the stock in a report on Monday, December 5th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Canadian Western Bank presently has an average rating of “Hold” and an average price target of C$30.50.

Canadian Western Bank Stock Up 1.7 %

Canadian Western Bank stock opened at C$26.75 on Friday. The stock has a 50-day moving average price of C$27.02 and a 200 day moving average price of C$25.19. The company has a market capitalization of C$2.52 billion, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 2.95 and a beta of 1.71. Canadian Western Bank has a 52 week low of C$21.21 and a 52 week high of C$38.78.

Canadian Western Bank (TSE:CWB – Get Rating) last posted its quarterly earnings data on Friday, December 2nd. The company reported C$0.88 EPS for the quarter, missing analysts’ consensus estimates of C$0.89 by C($0.01). Canadian Western Bank had a net margin of 32.70% and a return on equity of 9.27%. The business had revenue of C$279.84 million during the quarter, compared to analysts’ expectations of C$283.51 million. Research analysts anticipate that Canadian Western Bank will post 3.6532468 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Vladimir Ahmad sold 1,000 shares of Canadian Western Bank stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of C$27.07, for a total transaction of C$27,070.00. Following the sale, the insider now directly owns 4,739 shares of the company’s stock, valued at C$128,284.73. 2.40% of the stock is currently owned by insiders.

About Canadian Western Bank

(Get Rating)

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.