Canadian Western Bank (TSE:CWB) Given New C$60.00 Price Target at Royal Bank of Canada

Canadian Western Bank (TSE:CWB) had its price objective boosted by Royal Bank of Canada from C$52.00 to C$60.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other equities analysts also recently issued reports about the company. Scotiabank increased their target price on Canadian Western Bank from C$52.00 to C$62.00 in a research report on Monday, November 25th. BMO Capital Markets raised their target price on shares of Canadian Western Bank from C$52.00 to C$58.00 in a research report on Monday, November 18th. Raymond James upped their price target on shares of Canadian Western Bank from C$54.00 to C$59.00 and gave the stock a “market perform” rating in a research report on Thursday. Cormark lifted their price target on shares of Canadian Western Bank from C$46.00 to C$47.00 in a report on Tuesday, September 3rd. Finally, Jefferies Financial Group upped their price objective on Canadian Western Bank from C$52.00 to C$57.00 and gave the stock a “hold” rating in a report on Tuesday, September 3rd. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$54.83.

Canadian Western Bank Stock Performance

CWB stock opened at C$56.16 on Thursday. Canadian Western Bank has a one year low of C$24.66 and a one year high of C$61.81. The stock has a market capitalization of C$5.43 billion, a P/E ratio of 18.85, a PEG ratio of 2.95 and a beta of 1.39. The company has a 50 day moving average price of C$57.71 and a two-hundred day moving average price of C$49.56.

About Canadian Western Bank

Canadian Western Bank is a diversified financial service organization providing banking, trust, and wealth management services. The group operates through a number of subsidiaries providing different areas of financial services. Canadian Western Bank offers business banking services including general commercial banking, equipment financing and leasing, real estate financing, and other services for small- and medium-sized companies, as well as personal banking services including chequing and savings accounts, loans, mortgages, and investment products.