BMO Capital analyst Sohrab Movahedi maintained a Buy rating on Canadian Western Bank (CBWBF – Research Report) today and set a price target of C$35.00. The company’s shares closed last Friday at $17.99.
Movahedi covers the Financial sector, focusing on stocks such as Bank Of Nova Scotia, Canadian Bank of Commerce, and Toronto Dominion Bank. According to TipRanks, Movahedi has an average return of 4.4% and a 47.50% success rate on recommended stocks.
In addition to BMO Capital, Canadian Western Bank also received a Buy from National Bank’s Gabriel Dechaine in a report issued today. However, yesterday, KBW downgraded Canadian Western Bank (Other OTC: CBWBF) to a Hold.
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The company has a one-year high of $31.47 and a one-year low of $15.70. Currently, Canadian Western Bank has an average volume of 1,909.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CBWBF in relation to earlier this year.
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Canadian Western Bank engages in the provision of banking services for small and medium size companies. The firm provides commercial banking and financial services for business banking, personal banking or wealth management. It also offers full-service personal banking options, including checking and savings accounts, loans, mortgages, and investment products. The company was founded by Charles R. Allard and Eugene Pechet on March 22, 1984 and is headquartered in Edmonton, Canada.