A number of other analysts also recently issued reports on the company. CIBC lifted their price target on Canadian Western Bank from C$37.00 to C$42.00 in a report on Monday, November 13th. BMO Capital Markets lifted their target price on Canadian Western Bank from C$33.00 to C$34.00 and gave the stock a market perform rating in a research report on Friday, December 8th. Canaccord Genuity lifted their target price on Canadian Western Bank from C$38.00 to C$40.00 in a research report on Tuesday, January 16th. Royal Bank of Canada lifted their target price on Canadian Western Bank from C$36.00 to C$40.00 and gave the stock an outperform rating in a research report on Friday, December 8th. Finally, Desjardins lifted their target price on Canadian Western Bank from C$35.00 to C$37.00 in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of C$38.85.
Shares of Canadian Western Bank (CWB) opened at C$35.53 on Friday. The stock has a market capitalization of $3,150.00, a PE ratio of 13.93 and a beta of 1.03. Canadian Western Bank has a fifty-two week low of C$23.68 and a fifty-two week high of C$40.83.
In related news, Director Margaret Jean Mulligan purchased 800 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were purchased at an average price of C$35.72 per share, for a total transaction of C$28,576.00. Also, insider Allen David Stephen sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of C$40.00, for a total value of C$40,000.00. Insiders have sold 3,738 shares of company stock worth $98,754 in the last quarter.
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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