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Canadian Western Bank (CWB) Stock Forecast & Price Target

C$45.98
+0.17 (+0.37%)
(As of 07/19/2024 ET)

Canadian Western Bank - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 14 Wall Street analysts who have issued ratings for Canadian Western Bank in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 5 have given a hold rating, and 9 have given a buy rating for CWB.

Consensus Price Target

C$40.22
-12.54% Downside
High ForecastC$55.80
Average ForecastC$40.22
Low ForecastC$28.00

According to the 14 analysts' twelve-month price targets for Canadian Western Bank, the average price target is C$40.22. The highest price target for CWB is C$55.80, while the lowest price target for CWB is C$28.00. The average price target represents a forecasted downside of -12.54% from the current price of C$45.98.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
9 Buy rating(s)
9 Buy rating(s)
10 Buy rating(s)
4 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
2 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$40.22C$40.22C$33.73C$29.00
Forecasted Upside-12.54% Downside21.40% Upside14.62% Upside16.83% Upside
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CWB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CWB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Canadian Western Bank Stock vs. The Competition

TypeCanadian Western BankFinancial Services Companies
Consensus Rating Score
2.64
2.51
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingNeutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/18/2024Scotiabank
5 of 5 stars
 Boost TargetOutperformC$30.00 ➝ C$52.00+21.92%
6/18/2024CIBC
3 of 5 stars
 DowngradeNeutral ➝ TenderC$30.00 ➝ C$55.80+30.83%
6/18/2024Desjardins
1 of 5 stars
 Boost TargetBuyC$32.00 ➝ C$52.00+21.92%
6/13/2024Jefferies Financial Group
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 Boost TargetHoldC$28.00 ➝ C$52.00+26.27%
6/12/2024BMO Capital Markets
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S. Movahedi
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DowngradeOutperform ➝ Market PerformC$35.00 ➝ C$52.00+22.82%
6/3/2024Royal Bank of Canada
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 DowngradeOutperform ➝ Sector PerformC$32.00 ➝ C$28.00+10.72%
6/3/2024National Bankshares
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 Lower TargetOutperformC$37.00 ➝ C$30.00+18.62%
3/4/2024Veritas Investment Research
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 Reiterated RatingBuy
12/11/2023Raymond James
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 Boost TargetOutperformC$34.00 ➝ C$37.00+21.55%
12/11/2023Cormark
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 Boost TargetC$34.00 ➝ C$35.00+14.98%
12/11/2023TD Securities
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 Boost TargetBuyC$32.00 ➝ C$34.00+11.70%
11/23/2023Keefe, Bruyette & Woods
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 Lower TargetOutperformC$34.00 ➝ C$33.00+14.50%
9/5/2023CSFB
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 Boost TargetNeutralC$26.00 ➝ C$31.00+7.12%
9/5/2023Barclays
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 Boost TargetOverweightC$29.00 ➝ C$31.00+7.12%
12/5/2022Credit Suisse Group
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 Lower TargetC$26.00+6.78%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:44 AM ET.

CWB Forecast - Frequently Asked Questions

What is Canadian Western Bank's forecast for 2024?

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian Western Bank is C$40.22, with a high forecast of C$55.80 and a low forecast of C$28.00.

Should I buy or sell Canadian Western Bank stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Western Bank in the last twelve months. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CWB shares.

Does Canadian Western Bank's stock price have much upside?

According to analysts, Canadian Western Bank's stock has a predicted upside of 21.40% based on their 12-month stock forecasts.

Has Canadian Western Bank been downgraded by Wall Street analysts recently?

Over the previous 90 days, Canadian Western Bank's stock had 3 downgrades by analysts.

What analysts cover Canadian Western Bank?

Canadian Western Bank has been rated by research analysts at BMO Capital Markets, CIBC, Desjardins, Jefferies Financial Group, National Bankshares, Royal Bank of Canada, and Scotiabank in the past 90 days.

Do Wall Street analysts like Canadian Western Bank more than its competitors?

Analysts like Canadian Western Bank more than other "financial services" companies. The consensus rating score for Canadian Western Bank is 2.64 while the average consensus rating score for "financial services" companies is 2.51. Learn more on how CWB compares to other companies.


This page (TSE:CWB) was last updated on 7/20/2024 by MarketBeat.com Staff

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