Canadian Western Bank (CWB) Gets a Buy Rating from Canaccord Genuity

By Austin Angelo

Canadian Western Bank (CWBResearch Report), the Financial sector company, was revisited by a Wall Street analyst today. Analyst Scott Chan CFA from Canaccord Genuity rated Canadian Western Bank (CWBResearch Report) a Buy, setting a C$36 price target.

According to TipRanks.com, CFA is ranked 0 out of 5 stars with an average return of -3.4% and a 31.4% 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 word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian Western Bank with a C$38 average price target.

Canadian Western Bank’s market cap is currently C$2.64B and has a P/E ratio of 10.7. The company has a Price to Book ratio of 1.15.

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.

The company’s shares closed on Thursday at C$29.62, close to its 52-week low of C$29.25.