Canadian Imperial Bank of Commerce (TSE:CM) Price Target Cut to C$124.00 by Analysts at Barclays

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price objective cut by analysts at Barclays from C$125.00 to C$124.00 in a note issued to investors on Friday, February 16th. Barclays’ target price points to a potential upside of 5.00% from the stock’s current price.

CM has been the subject of several other research reports. CSFB upped their target price on shares of Canadian Imperial Bank of Commerce from C$125.00 to C$134.00 in a research report on Friday, January 19th. Scotiabank upped their target price on shares of Canadian Imperial Bank of Commerce from C$128.00 to C$135.00 in a research report on Friday, December 1st. Canaccord Genuity set a C$126.00 target price on shares of Canadian Imperial Bank of Commerce in a research report on Friday, December 1st. Royal Bank of Canada upped their price objective on shares of Canadian Imperial Bank of Commerce from C$136.00 to C$138.00 in a research report on Wednesday, February 14th. Finally, TD Securities upped their price objective on shares of Canadian Imperial Bank of Commerce from C$125.00 to C$135.00 and gave the company a “buy” rating in a research report on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$132.00.

Shares of Canadian Imperial Bank of Commerce (TSE:CM) traded up C$0.09 on Friday, hitting C$118.09. The stock had a trading volume of 802,452 shares, compared to its average volume of 1,420,889. The firm has a market cap of $52,210.00, a P/E ratio of 10.81 and a beta of 0.74. Canadian Imperial Bank of Commerce has a fifty-two week low of C$103.84 and a fifty-two week high of C$124.37.

In other Canadian Imperial Bank of Commerce news, Director Katharine Berghuis Stevenson bought 1,500 shares of the stock in a transaction dated Tuesday, February 27th. The shares were bought at an average cost of C$119.17 per share, with a total value of C$178,755.00. Also, Director Laura Lee Dottori-Attanasio sold 11,928 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of C$119.55, for a total transaction of C$1,425,992.40.

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About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets.

Analyst Recommendations for Canadian Imperial Bank of Commerce (TSE:CM)

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