Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM had its price target boosted by stock analysts at Jefferies Financial Group from C$94.00 to C$102.00 in a research report issued on Wednesday,BayStreet.CA reports. Jefferies Financial Group's price target points to a potential upside of 0.91% from the company's current price.
Several other equities analysts have also recently commented on the company. National Bankshares set a C$95.00 target price on Canadian Imperial Bank of Commerce and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Desjardins boosted their target price on Canadian Imperial Bank of Commerce from C$100.00 to C$106.00 and gave the stock a "buy" rating in a research report on Wednesday. Barclays upped their price objective on Canadian Imperial Bank of Commerce from C$90.00 to C$94.00 and gave the stock an "underperform" rating in a report on Monday, June 9th. Scotiabank upgraded Canadian Imperial Bank of Commerce to a "strong-buy" rating in a report on Thursday, May 15th. Finally, National Bank Financial cut Canadian Imperial Bank of Commerce from an "outperform" rating to a "sector perform" rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Canadian Imperial Bank of Commerce has a consensus rating of "Moderate Buy" and a consensus price target of C$99.00.
Get Our Latest Research Report on Canadian Imperial Bank of Commerce
Canadian Imperial Bank of Commerce Trading Up 0.3%
Shares of TSE CM traded up C$0.35 during mid-day trading on Wednesday, hitting C$101.08. The company had a trading volume of 820,866 shares, compared to its average volume of 3,645,330. The company has a market capitalization of C$94.57 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 1 year low of C$70.09 and a 1 year high of C$102.02. The stock's 50-day moving average price is C$97.61 and its 200-day moving average price is C$90.04.
Insiders Place Their Bets
In other Canadian Imperial Bank of Commerce news, Senior Officer Shawn Beber sold 9,107 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of C$94.28, for a total transaction of C$858,567.89. Also, Senior Officer Hratch Dikran Panossian sold 9,006 shares of the company's stock in a transaction that occurred 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. Over the last 90 days, insiders sold 105,837 shares of company stock worth $9,903,590. 0.02% of the stock is currently owned by company insiders.
Canadian Imperial Bank of Commerce Company Profile
(
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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.
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