Canadian Western Bank (CBWBF) Receives a Hold from CIBC

By Ryan Adsit

CIBC analyst Robert Sedran maintained a Hold rating on Canadian Western Bank (CBWBFResearch Report) on December 6 and set a price target of C$36.00. The company’s shares closed last Monday at $24.80.

According to TipRanks.com, Sedran is a 4-star analyst with an average return of 6.0% and a 64.8% success rate. Sedran covers the Financial sector, focusing on stocks such as National Bank of Canada, Toronto Dominion Bank, and Royal Bank Of Canada.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian Western Bank with a $26.49 average price target, a 6.7% upside from current levels. In a report issued on December 6, Credit Suisse also maintained a Hold rating on the stock with a C$32.00 price target.

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The company has a one-year high of $27.42 and a one-year low of $18.02. Currently, Canadian Western Bank has an average volume of 467.

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Canadian Western Bank engages in the provision of banking services for small and medium size companies. The firm provides commercial banking and financial services for business banking, personal banking or wealth management.