Barclays Downgrades Canadian Western Bank (CWB) to Underweight

Canadian Western Bank (TSE:CWB) was downgraded by stock analysts at Barclays from an “equal weight” rating to an “underweight” rating in a report released on Tuesday.

CWB has been the topic of a number of other research reports. National Bank Financial increased their price objective on shares of Canadian Western Bank from C$32.00 to C$35.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 31st. Laurentian increased their price objective on shares of Canadian Western Bank from C$36.00 to C$39.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. Eight Capital reissued a “buy” rating and set a C$41.00 price objective on shares of Canadian Western Bank in a research report on Wednesday, December 6th. Scotiabank increased their price objective on shares of Canadian Western Bank from C$28.00 to C$30.00 and gave the stock a “sector perform” rating in a research report on Monday, August 21st. Finally, BMO Capital Markets set a C$33.00 price objective on shares of Canadian Western Bank and gave the stock a “market perform” rating in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$38.69.

Canadian Western Bank (CWB) opened at C$38.31 on Tuesday. Canadian Western Bank has a 1 year low of C$23.68 and a 1 year high of C$38.59.

In related news, insider James Jeffrey Bowling sold 1,500 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of C$38.13, for a total value of C$57,195.00.

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Canadian Western Bank Company Profile

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.

Analyst Recommendations for Canadian Western Bank (TSE:CWB)

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