Canadian Western Bank (TSE:CWB) PT lowered to CA$29.00 at Barclays

Canadian Western Bank (TSE: CWB – Get Appraised) had its price target lowered by Barclays equity researchers from C$31.00 to C$29.00 in a research report released on Monday, BayStreet.CA reports. Barclays’ price target points to a potential upside of 14.26% from the stock’s previous close.

A number of other stock analysts have also recently weighed in on the stock. CSFB cut its price target on Canadian Western Bank shares from C$30.00 to C$29.00 in a Monday, August 29 research report. Keefe, Bruyette & Woods reduced their price target on Canadian Western Bank shares from C$35.00 to C$34.00 in a Monday, August 8 research note. Cormark raised its price target on Canadian Western Bank from CA$36.00 to CA$37.00 in a Monday, August 29 research note. Scotiabank downgraded Canadian Western Bank’s rating from an “outperforming” rating to an “sector outperforming” rating and lowered its target price for the company from C$37.00 to C$30.00 in a research report from Monday, August 29. Finally, Credit Suisse Group lowered its price target on Canadian Western Bank to C$29.00 and set a “neutral” rating for the company in a Monday, August 29 research report. Six investment analysts gave the stock a hold rating and five gave the stock a buy rating. According to data from, the stock currently has an average rating of “Hold” and an average price target of C$33.17.

Canadian Western Bank shares down 0.2%

Shares of TSE:CWB traded lower C$0.06 during Monday’s trading, hitting C$25.38. 195,458 shares of the company were traded, compared to its average volume of 355,240. The company has a market capitalization of C$2.36 billion and a PE ratio of 6.90. Canadian Western Bank has a fifty-two week low of C$21.21 and a fifty-two week high of C$41.56. The company has a 50-day simple moving average of C$23.40 and a 200-day simple moving average of C$26.37.

Canadian Western Bank (TSE: CWB – Get Rating) last released quarterly earnings data on Friday, August 26. The company reported EPS of C$0.90 for the quarter, beating the consensus estimate of C$0.89 by C$0.01. The company posted revenue of C$271.71 million in the quarter, compared to analyst estimates of C$280.43 million. On average, equity research analysts expect Canadian Western Bank to post EPS of 3.7899998 for the current year.

Insider buying and selling

In other Canadian Western Bank news, Senior Officer Stephen Howard Edward Murphy purchased 5,000 shares of the company in a trade on Monday, September 26. The shares were purchased at an average cost of CA$22.46 per share, for a total value of CA$112,300.00. Following the purchase, the insider now owns 45,006 shares of the company, valued at C$1,010,834.76.

About Canadian Western Bank

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Canadian Western Bank provides banking products and services to individuals and businesses primarily in Western Canada. The company offers checking, savings, cash management, US dollar and checking accounts, as well as organizational, strata/condo solution, general trust and investment fund trust accounts. It also offers commercial loans and real estate, as well as equipment financing and leasing products; loans and mortgages; secured and unsecured lines of credit; registered retirement savings plan; consolidation loans, vehicles and recreational vehicles; and credit cards.

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