Canadian Imperial Bank of Commerce (TSE:CM) Given a C$127.00 Price Target by Raymond James Financial Analysts

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) received a C$127.00 price objective from investment analysts at Raymond James Financial in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial’s price objective points to a potential upside of 5.57% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Canaccord Genuity Group lifted their price objective on Canadian Imperial Bank of Commerce from C$102.00 to C$111.00 and gave the stock a “hold” rating in a research note on Friday, August 29th. National Bankshares set a C$110.00 target price on Canadian Imperial Bank of Commerce and gave the company a “sector perform” rating in a research note on Monday, September 22nd. Royal Bank Of Canada raised their target price on Canadian Imperial Bank of Commerce from C$112.00 to C$113.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Barclays upped their price target on Canadian Imperial Bank of Commerce from C$106.00 to C$119.00 and gave the company an “underweight” rating in a research note on Monday. Finally, TD Securities increased their price target on shares of Canadian Imperial Bank of Commerce from C$117.00 to C$124.00 in a research report on Monday, November 10th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Canadian Imperial Bank of Commerce has a consensus rating of “Hold” and a consensus price target of C$113.00.

Canadian Imperial Bank of Commerce Stock Performance

CM opened at C$120.30 on Tuesday. The company has a fifty day moving average price of C$115.48 and a two-hundred day moving average price of C$104.72. The firm has a market capitalization of C$111.83 billion, a PE ratio of 14.55, a P/E/G ratio of 3.03 and a beta of 1.42. Canadian Imperial Bank of Commerce has a 52 week low of C$76.17 and a 52 week high of C$122.56.

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.