Canadian Imperial Bank of Commerce (TSE:CM) Given a C$108.00 Price Target by Canaccord Genuity Analysts

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) received a C$108.00 target price from equities research analysts at Canaccord Genuity in a research note issued to investors on Friday, BayStreet.CA reports. Canaccord Genuity’s price target would indicate a potential downside of 1.70% from the stock’s current price.

A number of other brokerages have also recently issued reports on CM. CSFB dropped their price target on shares of Canadian Imperial Bank of Commerce from C$106.00 to C$105.00 in a research note on Friday, September 6th. TD Securities reduced their price objective on shares of Canadian Imperial Bank of Commerce from C$120.00 to C$115.00 and set a “hold” rating for the company in a research note on Friday. National Bank Financial reduced their price objective on shares of Canadian Imperial Bank of Commerce from C$114.00 to C$110.00 and set a “sector perform” rating for the company in a research note on Friday. Eight Capital decreased their target price on shares of Canadian Imperial Bank of Commerce from C$119.00 to C$107.00 in a report on Wednesday, August 14th. Finally, Royal Bank of Canada dropped their target price on shares of Canadian Imperial Bank of Commerce from C$128.00 to C$124.00 and set a “sector perform” rating on the stock in a research note on Friday, August 23rd. Seven analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of C$113.25.

Shares of TSE:CM opened at C$109.87 on Friday. The business has a fifty day moving average price of C$113.68 and a 200-day moving average price of C$106.77. The company has a market capitalization of $48.94 billion and a PE ratio of 9.63. Canadian Imperial Bank of Commerce has a 1-year low of C$97.55 and a 1-year high of C$115.96.

In other Canadian Imperial Bank of Commerce news, Director Katharine Berghuis Stevenson bought 4,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was acquired at an average price of C$109.52 per share, with a total value of C$438,080.00. Following the transaction, the director now owns 20,352 shares in the company, valued at C$2,228,951.04.

Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S.

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Analyst Recommendations for Canadian Imperial Bank of Commerce (TSE:CM)

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