Barclays Keeps Their Sell Rating on Canadian Western Bank (CBWBF)
According to The Fly, barclays analyst John Aiken maintained a Sell rating on Canadian Western Bank (CBWBF) yesterday. The company’s shares closed yesterday at $19.16, equals to its 52-week low of $19.16.
According to TipRanks.com, Aiken is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -3.1% and a 35.1% success rate. Aiken covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.
The the analyst consensus on Canadian Western Bank is currently a Moderate Buy rating.
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Based on Canadian Western Bank’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $50.55 million. In comparison, last year the company had a net profit of $51.5 million.
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Canadian Western Bank engages in the provision of business banking services for small and medium-sizes companies. The firm provides general commercial banking; equipment financing and leasing; commercial real estate financing; real estate construction financing; and energy lending.