Canadian Imperial Bank of Commerce (TSE:CM) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price target boosted by research analysts at Jefferies Financial Group from C$106.00 to C$118.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price target indicates a potential downside of 1.91% from the stock’s current price.

Several other brokerages also recently weighed in on CM. National Bankshares set a C$110.00 price objective on shares of Canadian Imperial Bank of Commerce and gave the company a “sector perform” rating in a research report on Monday, September 22nd. Desjardins raised their price target on shares of Canadian Imperial Bank of Commerce from C$106.00 to C$113.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Royal Bank Of Canada lifted their price target on Canadian Imperial Bank of Commerce from C$112.00 to C$113.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Barclays boosted their price objective on Canadian Imperial Bank of Commerce from C$106.00 to C$119.00 and gave the stock an “underweight” rating in a research report on Monday. Finally, TD Securities raised their target price on Canadian Imperial Bank of Commerce from C$117.00 to C$124.00 in a research report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Canadian Imperial Bank of Commerce has an average rating of “Hold” and an average price target of C$113.00.

Canadian Imperial Bank of Commerce Stock Performance

CM stock opened at C$120.30 on Tuesday. The stock has a market capitalization of C$111.83 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 3.03 and a beta of 1.42. Canadian Imperial Bank of Commerce has a 1 year low of C$76.17 and a 1 year high of C$122.56. The stock’s fifty day moving average is C$115.48 and its two-hundred day moving average is C$104.72.

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.