Canadian Western Bank (TSE:CWB – Get Free Report) rose 9.9% during trading on Friday . The stock traded as high as C$29.08 and last traded at C$28.89. Approximately 261,421 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 361,518 shares. The stock had previously closed at C$26.29.
Wall Street Analyst Weigh In
CWB has been the topic of several research reports. Royal Bank of Canada upgraded Canadian Western Bank from a “sector perform” rating to an “outperform” rating and cut their target price for the company from C$35.00 to C$34.00 in a research note on Tuesday, May 30th. Cormark cut their target price on Canadian Western Bank from C$30.00 to C$28.00 in a research note on Monday, May 29th. National Bankshares cut their target price on Canadian Western Bank from C$31.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Monday, May 29th. Scotiabank dropped their price objective on Canadian Western Bank from C$28.00 to C$27.00 in a research note on Monday, May 29th. Finally, Raymond James dropped their price objective on Canadian Western Bank from C$34.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Monday, May 29th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Canadian Western Bank has an average rating of “Moderate Buy” and a consensus price target of C$28.64.
Canadian Western Bank Stock Up 9.4 %
About Canadian Western Bank
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.
- Five stocks we like better than Canadian Western Bank
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Toyota vs Tesla: The Tortoise And The Hare Race Has A New Meaning
- The How And Why of Investing in Oil Stocks
- 5 Critical Takeaways From MongoDB’s Q2 Results for AI Investors
- Dividend Payout Ratio Calculator
- 3 Stocks to Buy Now Ahead of Seasonal September Tailwinds
Receive News & Ratings for Canadian Western Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Western Bank and related companies with MarketBeat.com's FREE daily email newsletter.