Canadian Western Bank (CWB) Given New C$35.00 Price Target at Barclays

Canadian Western Bank (TSE:CWB) had its price target decreased by Barclays from C$38.00 to C$35.00 in a report released on Friday.

Separately, Royal Bank of Canada lowered their target price on Canadian Western Bank from C$42.00 to C$40.00 and set an outperform rating for the company in a report on Friday, August 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Canadian Western Bank currently has an average rating of Hold and a consensus target price of C$39.25.

Shares of CWB traded up C$0.37 during mid-day trading on Friday, reaching C$30.73. 142,900 shares of the company were exchanged, compared to its average volume of 252,025. Canadian Western Bank has a 52 week low of C$29.81 and a 52 week high of C$40.83.

Canadian Western Bank (TSE:CWB) last issued its quarterly earnings data on Thursday, August 30th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.77 by C($0.02). The firm had revenue of C$204.99 million during the quarter, compared to the consensus estimate of C$205.70 million. On average, research analysts anticipate that Canadian Western Bank will post 3.2500002115197 EPS for the current fiscal year.

In other Canadian Western Bank news, insider Allen David Stephen bought 1,000 shares of the stock in a transaction on Thursday, October 11th. The stock was acquired at an average cost of C$32.95 per share, for a total transaction of C$32,950.00. Over the last quarter, insiders acquired 2,850 shares of company stock valued at $90,443.

Canadian Western Bank Company Profile

Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, senior, chequing, youth, and student accounts, as well as specialized accounts, including corporate and commercial, organization, strata solution/condo, general trust, and trust fund investment accounts.

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Analyst Recommendations for Canadian Western Bank (TSE:CWB)

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