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TD Securities Sticks to Their Hold Rating for Canadian Western Bank (CWB)


Canadian Western Bank (CWB), the Financial sector company, was revisited by a Wall Street analyst on November 30. Analyst Mario Mendonca from TD Securities remains neutral on the stock and has a C$33 price target.

According to TipRanks.com, Mendonca is a 1-star analyst with an average return of -0.4% and a 41.8% success rate. Mendonca covers the Financial sector, focusing on stocks such as Manulife Financial Corp, National Bank of Canada, and Canadian Western Bank.

The word on The Street in general, suggests a Hold analyst consensus rating for Canadian Western Bank with a C$35.20 average price target, which is a 20.1% upside from current levels. In a report issued on November 26, Scotiabank also downgraded the stock to Hold with a C$34 price target.

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The company has a one-year high of C$40.83 and a one-year low of C$27.53. Currently, Canadian Western Bank has an average volume of 287.7K.

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.

The company’s shares closed on Monday at C$29.31, close to its 52-week low of C$27.53.