Eight Capital Reaffirms Buy Rating for Canadian Western Bank (CWB)

Canadian Western Bank (TSE:CWB)‘s stock had its “buy” rating reiterated by investment analysts at Eight Capital in a research note issued on Wednesday. They presently have a C$41.00 price objective on the stock. Eight Capital’s target price would indicate a potential upside of 13.79% from the stock’s previous close.

A number of other research analysts have also weighed in on CWB. Barclays lifted their target price on Canadian Western Bank from C$28.00 to C$30.00 in a report on Friday, August 11th. Scotiabank boosted their price objective on Canadian Western Bank from C$28.00 to C$30.00 and gave the stock a “sector perform” rating in a report on Monday, August 21st. BMO Capital Markets boosted their price objective on Canadian Western Bank from C$28.00 to C$29.00 and gave the stock a “market perform” rating in a report on Friday, September 1st. Canaccord Genuity boosted their price objective on Canadian Western Bank from C$29.00 to C$30.00 in a report on Friday, September 1st. Finally, CIBC boosted their price objective on Canadian Western Bank from C$31.00 to C$33.00 in a report on Friday, September 1st. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$35.69.

Canadian Western Bank (TSE:CWB) traded down C$0.68 during mid-day trading on Wednesday, reaching C$36.03. The company’s stock had a trading volume of 265,751 shares, compared to its average volume of 385,923. Canadian Western Bank has a 1-year low of C$23.68 and a 1-year high of C$37.36.

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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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