September 13, 2023 – Bloomberg Ratings has reported that Canadian Western Bank (TSE:CWB) has received a consensus recommendation of “Moderate Buy” from eleven reputable ratings firms. Out of the eleven firms covering the stock, four research analysts have suggested a hold recommendation, while seven have issued a buy recommendation for the company. It is important to note that these ratings are based on extensive research and analysis conducted by industry experts.
The average one-year price target for Canadian Western Bank among brokerages that have covered the stock over the past year stands at C$31.75. This indicates a potential increase in value, as it surpasses the current market value of C$29.13 per share.
When analyzing Canadian Western Bank’s market statistics, it becomes apparent that the company possesses a market capitalization of C$2.81 billion. With a price-to-earnings (PE) ratio of 8.80 and a P/E to growth (P/E/G) ratio of 2.95, investors can evaluate its valuation relative to its financial performance and growth prospects.
Additionally, the beta coefficient stands at 1.65, suggesting that Canadian Western Bank exhibits higher volatility compared to the overall market. Therefore, investors need to be conscious of this factor when considering investing in the company.
Observing Canadian Western Bank’s historical performance, it is worth highlighting that its stock hit a 52-week low of C$21.21 and reached a peak of C$29.39 within the last year alone. While past performance does not guarantee future results, understanding these milestones can provide valuable insights into how the stock may behave going forward.
Over shorter timeframes, such as fifty and two hundred-day moving averages, we observe that Canadian Western Bank has demonstrated stability and consistency in its stock price movements. The fifty-day moving average price currently stands at C$26.46, while the two-hundred-day moving average price is C$25.25. These indicators can serve as a helpful tool for investors to identify potential trends and make informed decisions.
In conclusion, Canadian Western Bank has received positive recommendations from eleven ratings firms, with an average one-year price target above the current market value. While investors should always conduct their own due diligence before making any investment decisions, these endorsements, alongside the company’s stable stock price movements and market statistics, could be factors worth considering when evaluating Canadian Western Bank as a potential investment opportunity.
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Evaluation and Analysis of Canadian Western Bank (CWB) Stock by Equities Research Analysts
In recent reports on Canadian Western Bank (CWB), various equities research analysts have shared their assessment and evaluation of the company’s stock. These reports shed light on the target prices set by different financial institutions, as well as the ratings assigned to CWB. It is worth noting that these research analyses were released on Tuesday, September 5th, 2023.
National Bankshares increased their price objective for shares of Canadian Western Bank from C$28.00 to C$33.00. Alongside this upward adjustment, they bestowed an “outperform” rating upon the stock. This expression of confidence in CWB suggests that National Bankshares believes the company’s performance will exceed market expectations.
Similarly, Cormark raised their price target for Canadian Western Bank from C$28.00 to C$33.00 and assigned the company a “buy” rating. This indicates that Cormark sees potential in CWB and anticipates its stock value will appreciate over time.
On the other hand, CIBC revised their price target for Canadian Western Bank from C$26.00 to C$31.00 and rated the company as “neutral.” By classifying CWB under this category, CIBC implies that they anticipate a more moderate performance compared to those with a bullish outlook.
Providing an additional viewpoint, TD Securities adjusted their price target for Canadian Western Bank from C$32.00 to C$33.00 while granting it a “buy” rating. As a result, TD Securities expects CWB’s stock value to increase further and considers it an attractive investment opportunity.
Finally, Raymond James increased their price target for shares of Canadian Western Bank from C$30.00 to C$34.00 and labeled the company as “outperform.” This designation suggests that Raymond James foresees exceptional performance from CWB in comparison to its industry peers.
These reports offer a glimpse into experts’ assessments of Canadian Western Bank’s prospects and performance expectations. While some research institutions hold an optimistic view, others adopt a more cautious stance. Investors will need to scrutinize these evaluations further and conduct their own analysis to make informed decisions based on their investment objectives and risk tolerance.
It is essential to note that these ratings and price objectives are specific to the time of publication and are subject to change based on market conditions and other factors influencing the bank’s performance. Therefore, investors should remain vigilant and consider obtaining updated research reports before making any financial decisions related to Canadian Western Bank stock.