Canadian Imperial Bank of Commerce (TSE:CM) PT Set at C$96.00 by Canaccord Genuity Group

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM received a C$96.00 target price from research analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a "hold" rating on the stock. Canaccord Genuity Group's price objective would suggest a potential downside of 0.36% from the company's current price.

CM has been the subject of a number of other research reports. Royal Bank Of Canada reduced their price target on Canadian Imperial Bank of Commerce from C$116.00 to C$112.00 and set an "outperform" rating for the company in a report on Monday, June 9th. Scotiabank raised Canadian Imperial Bank of Commerce to a "strong-buy" rating in a report on Thursday, May 15th. National Bankshares set a C$95.00 target price on Canadian Imperial Bank of Commerce and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Jefferies Financial Group downgraded Canadian Imperial Bank of Commerce from a "buy" rating to a "hold" rating and reduced their target price for the stock from C$100.00 to C$89.00 in a report on Monday, April 21st. Finally, National Bank Financial cut Canadian Imperial Bank of Commerce from an "outperform" rating to a "sector perform" rating in a research report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Canadian Imperial Bank of Commerce has a consensus rating of "Moderate Buy" and a consensus target price of C$96.23.

Canadian Imperial Bank of Commerce Stock Down 0.1%

Shares of TSE CM traded down C$0.07 on Tuesday, hitting C$96.35. The company had a trading volume of 2,570,445 shares, compared to its average volume of 3,823,469. Canadian Imperial Bank of Commerce has a 12-month low of C$64.65 and a 12-month high of C$97.04. The business has a 50 day moving average of C$90.70 and a two-hundred day moving average of C$88.27. The firm has a market capitalization of C$90.14 billion, a P/E ratio of 12.73, a PEG ratio of 3.03 and a beta of 1.12.

Insider Buying and Selling at Canadian Imperial Bank of Commerce

In other news, Senior Officer Christina Charlotte Kramer sold 43,490 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of C$93.07, for a total transaction of C$4,047,614.30. Also, Senior Officer Hratch Dikran Panossian sold 9,006 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of C$94.96, for a total value of C$855,240.38. In the last ninety days, insiders sold 105,837 shares of company stock valued at $9,903,590. 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.