Canadian Imperial Bank of Commerce (CM) Given a C$121.00 Price Target at Canaccord Genuity

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) has been given a C$121.00 price objective by Canaccord Genuity in a research note issued on Wednesday, November 1st. Canaccord Genuity’s price target would indicate a potential upside of 5.14% from the stock’s current price.

Several other brokerages have also recently weighed in on CM. Citigroup Inc. cut Canadian Imperial Bank of Commerce from a “buy” rating to a “neutral” rating and lifted their price target for the company from C$113.00 to C$120.00 in a research report on Wednesday, October 25th. Barclays PLC lifted their price objective on Canadian Imperial Bank of Commerce from C$108.00 to C$110.00 in a research note on Friday, August 11th. Scotiabank lifted their price objective on Canadian Imperial Bank of Commerce from C$118.00 to C$120.00 and gave the company a “sector perform” rating in a research note on Monday, August 21st. Keefe, Bruyette & Woods lifted their price objective on Canadian Imperial Bank of Commerce from C$115.00 to C$116.00 in a research note on Tuesday, August 22nd. Finally, BMO Capital Markets reissued a “market perform” rating and set a C$118.00 price objective on shares of Canadian Imperial Bank of Commerce in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$119.18.

Canadian Imperial Bank of Commerce (TSE:CM) traded down C$0.01 during mid-day trading on Wednesday, hitting C$115.09. The stock had a trading volume of 1,048,069 shares, compared to its average volume of 1,343,453. Canadian Imperial Bank of Commerce has a 52 week low of C$103.84 and a 52 week high of C$120.83.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last issued its quarterly earnings results on Thursday, August 24th. The company reported C$2.77 EPS for the quarter, topping the Zacks’ consensus estimate of C$2.63 by C$0.14. Canadian Imperial Bank of Commerce had a return on equity of 16.50% and a net margin of 26.73%. The business had revenue of C$4.10 billion for the quarter, compared to analyst estimates of C$4.01 billion.

COPYRIGHT VIOLATION NOTICE: “Canadian Imperial Bank of Commerce (CM) Given a C$121.00 Price Target at Canaccord Genuity” was first reported by BBNS and is the sole property of of BBNS. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://baseballnewssource.com/markets/canaccord-genuity-analysts-give-canadian-imperial-bank-of-commerce-cm-a-c121-00-price-target/1747614.html.

In other Canadian Imperial Bank of Commerce news, Director Michelle Lynn Collins purchased 1,186 shares of Canadian Imperial Bank of Commerce stock in a transaction that occurred on Monday, August 28th. The shares were bought at an average price of C$84.30 per share, for a total transaction of C$99,979.80. Also, Director Katharine Berghuis Stevenson purchased 400 shares of Canadian Imperial Bank of Commerce stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average price of C$105.19 per share, for a total transaction of C$42,076.00.

Canadian Imperial Bank of Commerce Company Profile

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)

Receive News & Ratings for Canadian Imperial Bank of Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Imperial Bank of Commerce and related companies with our FREE daily email newsletter.

 


Latest News

Toronto Blue Jays Launch Internal Investigation on PED Use
Toronto Blue Jays Launch Internal Investigation on PED Use
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player


Leave a Reply

 
© 2006-2017 BBNS.