Canadian Western Bank (CWB) PT Raised to C$33.00 at Canaccord Genuity

Canadian Western Bank (TSE:CWB) had its price objective hoisted by investment analysts at Canaccord Genuity from C$30.00 to C$33.00 in a note issued to investors on Tuesday. Canaccord Genuity’s target price indicates a potential downside of 9.19% from the company’s previous close.

Several other research analysts also recently issued reports on CWB. Barclays PLC upped their target price on shares of Canadian Western Bank from C$28.00 to C$30.00 in a research note on Friday, August 11th. Scotiabank boosted their price objective on shares of Canadian Western Bank from C$28.00 to C$30.00 and gave the company a “sector perform” rating in a report on Monday, August 21st. BMO Capital Markets boosted their price objective on shares of Canadian Western Bank from C$28.00 to C$29.00 and gave the company a “market perform” rating in a report on Friday, September 1st. CIBC boosted their price objective on shares of Canadian Western Bank from C$31.00 to C$33.00 in a report on Friday, September 1st. Finally, National Bank Financial boosted their price objective on shares of 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 company. Canadian Western Bank 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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