Barclays Cuts Canadian Western Bank (CWB) Price Target to C$27.00

Canadian Western Bank (TSE:CWB) had its price target cut by stock analysts at Barclays from C$35.00 to C$27.00 in a report issued on Friday. Barclays’ price objective would indicate a potential upside of 2.94% from the stock’s previous close.

CWB has been the subject of several other research reports. Canaccord Genuity dropped their price target on shares of Canadian Western Bank from C$38.00 to C$36.00 in a research report on Thursday, November 22nd. Royal Bank of Canada dropped their price target on shares of Canadian Western Bank from C$42.00 to C$40.00 and set an “outperform” rating for the company in a research report on Friday, August 31st. National Bank Financial dropped their price target on shares of Canadian Western Bank from C$38.00 to C$32.00 and set a “sector perform” rating for the company in a research report on Friday. CIBC dropped their price target on shares of Canadian Western Bank from C$40.00 to C$36.00 in a research report on Friday. Finally, Desjardins dropped their price target on shares of Canadian Western Bank from C$38.00 to C$37.00 in a research report on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$35.75.

CWB stock traded down C$0.45 on Friday, hitting C$26.23. 282,082 shares of the company were exchanged, compared to its average volume of 261,576. Canadian Western Bank has a twelve month low of C$25.31 and a twelve month high of C$40.83.

In other Canadian Western Bank news, insider Lester Shore acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, October 31st. The stock was bought at an average price of C$30.73 per share, with a total value of C$30,730.00. Insiders bought 2,850 shares of company stock valued at $90,443 in the last three months.

About Canadian Western Bank

Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, senior, chequing, youth, and student accounts, as well as specialized accounts, including corporate and commercial, organization, strata solution/condo, general trust, and trust fund investment accounts.

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Analyst Recommendations for Canadian Western Bank (TSE:CWB)

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