Shares of Canadian Western Bank (OTCMKTS:CBWBF) shot up 0.8% during mid-day trading on Wednesday . The company traded as high as $23.74 and last traded at $23.74, 695 shares traded hands during trading. An increase of 76% from the average session volume of 395 shares. The stock had previously closed at $23.55.
Several equities research analysts have recently commented on CBWBF shares. Desjardins reissued a “hold” rating and set a $36.00 price target on shares of Canadian Western Bank in a research note on Tuesday, November 5th. CIBC reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Canadian Western Bank in a research note on Monday, December 9th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $35.00.
The firm’s 50-day moving average is $25.07 and its 200 day moving average is $24.90.
Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, senior, chequing, youth, and student accounts, as well as specialized accounts, including corporate and commercial, organization, strata solution/condo, general trust, and trust fund investment accounts.
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