Canadian Imperial Bank of Commerce (TSE:CM) Given a C$108.00 Price Target at Royal Bank of Canada

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) received a C$108.00 price target from equities researchers at Royal Bank of Canada in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 32.29% from the stock’s current price.

CM has been the subject of a number of other reports. Canaccord Genuity Group increased their price objective on shares of Canadian Imperial Bank of Commerce from C$92.00 to C$99.00 in a research note on Friday, December 6th. UBS Group decreased their price target on Canadian Imperial Bank of Commerce from C$102.00 to C$96.00 in a report on Friday, February 14th. Scotiabank dropped their price objective on Canadian Imperial Bank of Commerce from C$114.00 to C$95.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. TD Securities decreased their target price on Canadian Imperial Bank of Commerce from C$100.00 to C$99.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, National Bankshares increased their price objective on shares of Canadian Imperial Bank of Commerce from C$86.00 to C$94.00 in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$93.50.

Canadian Imperial Bank of Commerce Trading Up 1.1 %

TSE:CM traded up C$0.91 during trading hours on Monday, reaching C$81.64. 700,578 shares of the company traded hands, compared to its average volume of 3,661,539. Canadian Imperial Bank of Commerce has a 1 year low of C$64.02 and a 1 year high of C$95.50. The business’s 50-day moving average price is C$87.76 and its two-hundred day moving average price is C$86.68. The stock has a market capitalization of C$76.38 billion, a P/E ratio of 10.78, a P/E/G ratio of 3.03 and a beta of 1.12.

Insider Buying and Selling

In related news, Senior Officer Susan Rimmer sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of C$93.14, for a total transaction of C$93,140.00. 0.02% of the stock is owned by corporate insiders.

Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce is Canada’s fifth- largest bank, operating three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.