TD Securities Sticks to Its Hold Rating for Canadian Western Bank (CBWBF)

By Jason Carr

According to The Fly, in a report issued on November 30, Mario Mendonca from TD Securities reiterated a Hold rating on Canadian Western Bank (CBWBFResearch Report). The company’s shares opened today at $22.16, close to its 52-week low of $20.80.

According to TipRanks.com, Mendonca is a 1-star analyst with an average return of -0.4% and a 41.8% success rate. Mendonca covers the Financial sector, focusing on stocks such as Manulife Financial Corp, National Bank of Canada, and Bank Of Nova Scotia.

The the analyst consensus on Canadian Western Bank is currently a Hold rating.

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Canadian Western Bank’s market cap is currently $1.93B and has a P/E ratio of 9.97. The company has a Price to Book ratio of 1.09.

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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.