Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its target price lifted by equities researchers at Canaccord Genuity from C$115.00 to C$121.00 in a report released on Wednesday, BayStreet.CA reports. Canaccord Genuity’s price objective would indicate a potential upside of 9.42% from the stock’s previous close.
Other equities analysts have also issued reports about the company. TD Securities dropped their price objective on Canadian Imperial Bank of Commerce from C$140.00 to C$135.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. National Bank Financial decreased their target price on Canadian Imperial Bank of Commerce from C$122.00 to C$120.00 and set a “sector perform” rating on the stock in a research report on Friday, March 1st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of C$127.00.
Canadian Imperial Bank of Commerce stock opened at C$110.58 on Wednesday. The stock has a market capitalization of $48.85 billion and a PE ratio of 9.78. Canadian Imperial Bank of Commerce has a 52 week low of C$99.51 and a 52 week high of C$125.21.
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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