Analyst Ratings Coverage
Scotia Capital maintained a “Sector Perform” rating on Canadian Western Bank’s stock, to $31 from $32 per share.
National Bank Financial assigned a “Sector Perform” rating on the stock, with a 12 month target price of $62 per share.
CWB:TSX Stock Analysis
According to the forecasts derived from evaluations by 11 analysts, the average target price for Canadian Western Bank stands at CAD 29.89 over the next 12 months. This collective projection serves as a key indicator for investors, outlining the anticipated value of the stock in the coming year based on the assessments of industry experts. Notably, the consensus among analysts is positive, with an average rating of “Buy,” indicating a favorable outlook for Canadian Western Bank’s future performance.
Stock Target Advisor, an independent stock analysis platform, has conducted its own evaluation of Canadian Western Bank’s stock. Their analysis takes a more neutral stance, suggesting a balanced perspective on the stock’s potential. This neutral rating is based on a combination of 5 positive signals and 5 negative signals, revealing a nuanced view of the factors impacting the stock.
Assessing recent market performance, Canadian Western Bank’s stock closed at CAD 28.95. Over the past week, the stock has demonstrated a modest increase of +1.69%, indicating short-term positive momentum. Furthermore, the stock has experienced a more substantial gain of +7.74% over the past month, reflecting positive trends. Looking at the broader timeframe, Canadian Western Bank’s stock has exhibited a notable increase of +15.29% over the last year, suggesting a favorable performance over a more extended period.
