Canadian Imperial Bank of Commerce (TSE:CM) PT Set at C$108.00 by Royal Bank of Canada

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) received a C$108.00 price target from analysts at Royal Bank of Canada in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 33.04% from the stock’s current price.

A number of other equities research analysts have also weighed in on CM. UBS Group decreased their price objective on shares of Canadian Imperial Bank of Commerce from C$102.00 to C$96.00 in a report on Friday, February 14th. Canaccord Genuity Group boosted their price target on shares of Canadian Imperial Bank of Commerce from C$92.00 to C$99.00 in a report on Friday, December 6th. Scotiabank reduced their price target on shares of Canadian Imperial Bank of Commerce from C$114.00 to C$95.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. BMO Capital Markets boosted their price target on shares of Canadian Imperial Bank of Commerce from C$81.00 to C$99.00 in a report on Monday, November 18th. Finally, TD Securities reduced their price target on shares of Canadian Imperial Bank of Commerce from C$100.00 to C$99.00 and set a “buy” rating for the company in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$93.50.

Canadian Imperial Bank of Commerce Price Performance

Shares of CM opened at C$81.18 on Monday. Canadian Imperial Bank of Commerce has a 1-year low of C$64.02 and a 1-year high of C$95.50. The company has a 50-day moving average of C$87.41 and a 200 day moving average of C$86.80. The firm has a market capitalization of C$75.95 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 3.03 and a beta of 1.12.

Insiders Place Their Bets

In other Canadian Imperial Bank of Commerce news, Senior Officer Susan Rimmer sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were 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 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.