RBC Capital Reaffirms Their Buy Rating on Canadian Western Bank (CWB)

By Carrie Williams

Today, an analyst has provided a rating update for the Financial sector company, Canadian Western Bank (TSX: CWB). The company received a Buy rating from RBC Capital’s analyst Darko Mihelic, with a C$40 price target.

Mihelic has an average return of 6.3% when recommending Canadian Western Bank.

According to TipRanks.com, Mihelic is ranked #806 out of 4874 analysts.

Currently, the analyst consensus on Canadian Western Bank is a Hold with an average price target of C$40.20.

Canadian Western Bank’s market cap is currently C$3.21B and has a P/E ratio of 13.3. The company has a Price to Book ratio of 1.42.

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$35.50.