Canadian Western Bank (CWB) Stock Forecast & Price Target

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C$42.29

+0.46 (+1.10%)

(As of 06/18/2024 ET)

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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

Moderate Buy
Based on 14 Analyst Ratings

Consensus Price Target

C$40.22
-4.91% Downside

High Forecast	C$55.80
Average Forecast	C$40.22
Low Forecast	C$28.00

Type	Current Forecast 6/20/23 to 6/19/24	1 Month Ago 5/21/23 to 5/20/24	3 Months Ago 3/22/23 to 3/21/24	1 Year Ago 6/20/22 to 6/20/23
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)	10 Buy rating(s)	10 Buy rating(s)	4 Buy rating(s)
Hold	5 Hold rating(s)	2 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 Target	C$40.22	C$33.55	C$33.73	C$29.00
Forecasted Upside	-4.91% Downside	14.70% Upside	14.62% Upside	16.83% 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.

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.

Canadian Western Bank Stock vs. The Competition

Type	Canadian Western Bank	Financial Services Companies
Consensus Rating Score	2.64	2.50
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
6/18/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$30.00 ➝ C$52.00	+21.92%
6/18/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Tender	C$30.00 ➝ C$55.80	+30.83%
6/18/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$32.00 ➝ C$52.00	+21.92%
6/13/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	C$28.00 ➝ C$52.00	+26.27%
6/12/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Movahedi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	C$35.00 ➝ C$52.00	+22.82%
6/3/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Sector Perform	C$32.00 ➝ C$28.00	+10.72%
Get the Latest News and Ratings for CWB and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Canadian Western Bank and its competitors with MarketBeat's FREE daily newsletter.
6/3/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$37.00 ➝ C$30.00	+18.62%
3/4/2024	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy
12/11/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$34.00 ➝ C$37.00	+21.55%
12/11/2023	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$34.00 ➝ C$35.00	+14.98%
12/11/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$32.00 ➝ C$34.00	+11.70%
11/23/2023	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$34.00 ➝ C$33.00	+14.50%
9/5/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	C$26.00 ➝ C$31.00	+7.12%
9/5/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	C$29.00 ➝ C$31.00	+7.12%
12/5/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$26.00	+6.78%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:12 AM ET.

CWB Forecast - Frequently Asked Questions

What is Canadian Western Bank's stock forecast and purchase recommendation?: 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. The consensus rating for Canadian Western Bank stock is Moderate Buy based on the current 5 hold ratings and 9 buy ratings for CWB. Learn more on CWB's analyst rating history.
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 2.50. Learn more on how CWB compares to other companies.
Is Canadian Western Bank being downgraded by Wall Street analysts?: Over the previous 90 days, Canadian Western Bank's stock had 3 downgrades by analysts.

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.
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.