Canadian Western Bank (TSE:CWB) had its price target boosted by investment analysts at CIBC from C$33.00 to C$37.00 in a research note issued to investors on Tuesday. CIBC’s price target indicates a potential upside of 1.82% from the stock’s previous close.
Several other equities analysts have also commented on the stock. Royal Bank Of Canada upgraded shares of Canadian Western Bank from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$32.00 to C$35.00 in a research note on Friday, September 1st. Scotiabank upgraded shares of Canadian Western Bank from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$30.00 to C$33.00 in a research note on Friday, September 1st. BMO Capital Markets increased their price target on shares of Canadian Western Bank from C$28.00 to C$29.00 and gave the company a “market perform” rating in a research note on Friday, September 1st. Laurentian Bank of Canada increased their price objective on Canadian Western Bank from C$36.00 to C$39.00 and gave the company a “buy” rating in a report on Monday, October 2nd. Finally, National Bank Financial increased their price objective on Canadian Western Bank from C$28.00 to C$32.00 and gave the company a “sector perform” rating in a report on Friday, September 1st. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$33.90.
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About Canadian Western Bank
Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. The Bank offers financing solutions through CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage, trust services through Canadian Western Trust and wealth advisory services through CWB Wealth Management.
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