Canadian Western Bank Got Some Good News

By Carrie Williams

In a new note to investors today, an analyst has provided a rating update for the Financial sector company, Canadian Western Bank (TSX: CWB). GMP FirstEnergy’s analyst Stephen Boland upgraded CWB to Buy , with a C$29.50 price target.

Boland has an average return of 7.4% when recommending Canadian Western Bank.

According to TipRanks.com, Boland is ranked #4301 out of 4567 analysts.

Canadian Western Bank has an analyst consensus of Hold, with a price target consensus of C$29.58.

The company has a one year high of C$32.29 and a one year low of C$23.14. Currently, Canadian Western Bank has an average volume of 433.2K.

Canadian Western Bank engages in the provision of business banking services for small and medium-sizes companies. It offers general commercial banking, equipment financing and leasing, commercial real estate financing, real estate construction financing, and energy lending. The firm also provides full-service personal banking options, including chequing and savings accounts, loans, mortgages, and investment products. The company was founded by Charles Allard and Eugene Pechet on November 1, 1987 and is headquartered in Edmonton, Canada.

The company’s shares closed last Friday at $25.35.