Canadian Western Bank (CWB) Gets a Hold Rating from CIBC

By Austin Angelo

Canadian Western Bank (CWBResearch Report), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Robert Sedran from CIBC remains neutral on the stock and has a C$34 price target.

According to TipRanks.com, Sedran is a 4-star analyst with an average return of 5.3% and a 61.3% success rate. Sedran covers the Financial sector, focusing on stocks such as Canadian Western Bank, Bank Of Nova Scotia, and Laurentian Bank.

The word on The Street in general, suggests a Hold analyst consensus rating for Canadian Western Bank with a C$32.86 average price target, a 13.4% upside from current levels. In a report released today, RBC Capital also downgraded the stock to Hold with a C$32 price target.

.

Canadian Western Bank’s market cap is currently C$2.61B and has a P/E ratio of 10.9. The company has a Price to Book ratio of 1.12.

Canadian Western Bank engages in the provision of business banking services for small and medium-sizes companies. It provides general commercial banking, financing for commercial real estate and real estate construction.

The company’s shares closed on Friday at C$28.98.