What Will Happen to Canadian Western Bank Next? The Stock Just Declined A Lot

 What Will Happen to Canadian Western Bank Next? The Stock Just Declined A Lot

The stock of Canadian Western Bank (TSE:CWB) is a huge mover today! About 42,739 shares traded hands. Canadian Western Bank (TSE:CWB) has risen 8.66% since April 12, 2016 and is uptrending. It has outperformed by 3.97% the S&P500.
The move comes after 9 months negative chart setup for the $2.56B company. It was reported on Nov, 16 by Barchart.com. We have $25.79 PT which if reached, will make TSE:CWB worth $153.60M less.

Canadian Western Bank (TSE:CWB) Ratings Coverage

Out of 7 analysts covering Canadian Western Bank (TSE:CWB), 0 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 0 are positive. $106 is the highest target while $23 is the lowest. The $26.44 average target is -3.64% below today’s ($27.44) stock price. Canadian Western Bank has been the topic of 28 analyst reports since August 12, 2015 according to StockzIntelligence Inc. As per Friday, June 3, the company rating was maintained by Scotia Capital. The rating was maintained by Scotia Capital on Friday, September 4 with “Sector Perform”. The stock of Canadian Western Bank (TSE:CWB) has “Hold” rating given on Friday, June 3 by GMP Securities.

More important recent Canadian Western Bank (TSE:CWB) news were published by: Business.Financialpost.com which released: “Canadian Western Bank reignites concerns about energy loan losses at big banks” on May 03, 2016, also Theglobeandmail.com published article titled: “Canadian Western Bank profit tumbles on higher loan loss provisions”, Fool.ca published: “Canadian Western Bank Is Not a Value Trap” on January 07, 2016. More interesting news about Canadian Western Bank (TSE:CWB) was released by: Business.Financialpost.com and their article: “Terra Energy Corp shuts down operations after Canadian Western Bank demands …” with publication date: March 21, 2016.

Canadian Western Bank is a Canada bank that offers personal and business banking. The company has a market cap of $2.56 billion. The Bank is engaged in the business of commercial, equipment financing, real estate construction financing and energy lending. It has a 12.19 P/E ratio. It offers personal banking services, including savings accounts, mortgages, home equity lines of credit, personal loans and investment products through its branch network across Western Canada.

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