Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) received a C$108.00 price objective from Canaccord Genuity in a report released on Tuesday. Canaccord Genuity’s target price points to a potential upside of 2.52% from the company’s previous close.

CM has been the subject of a number of other research reports. Keefe, Bruyette & Woods increased their price objective on shares of Canadian Imperial Bank of Commerce from C$92.00 to C$97.00 in a report on Thursday, August 18th. Dundee Securities reiterated a “buy” rating and issued a C$123.00 price objective on shares of Canadian Imperial Bank of Commerce in a report on Wednesday, September 21st. Barclays PLC reiterated an “underweight” rating and issued a C$99.00 price objective on shares of Canadian Imperial Bank of Commerce in a report on Thursday, August 25th. CSFB reiterated an “underperform” rating and issued a C$112.00 price objective on shares of Canadian Imperial Bank of Commerce in a report on Tuesday, November 15th. Finally, Royal Bank Of Canada increased their price objective on shares of Canadian Imperial Bank of Commerce from C$104.00 to C$112.00 and gave the company a “sector perform” rating in a report on Friday, August 26th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$106.00.

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

Shares of Canadian Imperial Bank of Commerce (TSE:CM) opened at 105.35 on Tuesday. The stock’s 50 day moving average is $101.07 and its 200 day moving average is $100.95. Canadian Imperial Bank of Commerce has a 1-year low of $82.19 and a 1-year high of $105.68. The company has a market cap of $41.60 billion and a P/E ratio of 10.23.

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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.

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