Canadian Western Bank (CWB), the Financial sector company was revisited yesterday, and remains overvalued for at least one analyst on the street. Analyst John Aiken from Barclays rated Canadian Western Bank (CWB) a Sell, setting a C$30 price target.
According to TipRanks.com, Aiken is a 1-star analyst with an average return of -2.0% and a 38.1% success rate. Aiken covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.
The word on The Street in general, suggests a Hold analyst consensus rating for Canadian Western Bank with a C$32.67 average price target.
Canadian Western Bank’s market cap is currently C$2.61B and has a P/E ratio of 10.9. The company has a Price to Book ratio of 1.12.
Canadian Western Bank engages in the provision of business banking services for small and medium-sizes companies. It provides general commercial banking, financing for commercial real estate and real estate construction.
The company’s shares closed on Friday at C$28.79.
