Canadian Western Bank (CWB:TSX) reported its quarterly earnings on Friday, December 2nd, which missed earnings per share forecasts. As a result, analysts have issued updated targets and ratings to their coverage of the CWB stock.
Analyst Coverage Change:
Barclays Capital cut the target on the CWB stock to $28 from $29.
Credit Suisse lowered the Canadian Western Bank stock price target to $26 from $27.
RBC Royalbank maintained the Sector Perform rating and raised the target to $36 from $35.
Raymond James cut the target to $34 from $37 and maintained the Outperform rating on the stock.
Keefe Bruyette Woods Capital downgraded the rating to a Market Perform from Outperform and cut the CWB stock price target to $29 from $34.
STA Research maintained the Underperform rating, and $17 target.
National Bank of Canada Financial maintained the Outperform rating and cut the target to $31 from $34.
TD Research lowered the target to $33 from $38 and maintained the Buy rating.
 CWB Stock Forecast & Price:
The average analyst target price for Canadian Western Bank over the next 12 months, based on the stock forecasts from 11 analysts, is CAD 29.54. The consensus analyst recommendation for Canadian Western Bank is Hold.
Based on 1 good signs and 6 negative indications, Stock Target Advisor’s own stock research of Canadian Western Bank indicates that the stock is Bearish.
CWB stock price of Canadian Western Bank was CAD 24.28 at the most recent close. The Canadian Western Bank stock price has changed by -6.04% over the previous week, +4.03% over the previous month, and -32.08% over the previous year.
The consensus Crowd Rating for CWB’s stock is a Hold, with the 12 month Crowd target forecast at $29.45 per share.
