Canadian Western Bank (CWB) Gets a Sell Rating from Barclays

By Austin Angelo

Canadian Western Bank (CWBResearch Report), the Financial sector company was revisited today, and remains overvalued for at least one analyst on the street. Analyst John Aiken from Barclays rated Canadian Western Bank (CWBResearch Report) a Sell, setting a C$35 price target.

According to TipRanks.com, Aiken is a 1-star analyst with an average return of -2.4% and a 38.3% success rate. Aiken covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.

Canadian Western Bank has an analyst consensus of Moderate Buy, with a price target consensus of C$38.40.

The company has a one-year high of C$40.83 and a one-year low of C$29.81. Currently, Canadian Western Bank has an average volume of 262.8K.

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 Friday at C$30.64, close to its 52-week low of C$29.81.