Canaccord Genuity Reiterates Their Buy Rating on Canadian Western Bank (CBWBF)

By Carrie Williams

According to The Fly, canaccord Genuity analyst Scott Chan CFA reiterated a Buy rating on Canadian Western Bank (CBWBFResearch Report) on December 6. The company’s shares closed on Friday at $19.69, close to its 52-week low of $19.16.

According to TipRanks.com, CFA is ranked 0 out of 5 stars with an average return of -5.1% and a 26.0% success rate. CFA covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.

The the analyst consensus on Canadian Western Bank is currently a Hold rating.

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Canadian Western Bank’s market cap is currently $1.75B and has a P/E ratio of 9.05. The company has a Price to Book ratio of 0.99.

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Canadian Western Bank engages in the provision of business banking services for small and medium-sizes companies. The firm provides general commercial banking; equipment financing and leasing; commercial real estate financing; real estate construction financing; and energy lending.