Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are covering the company. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$106.00.

A number of equities analysts have recently commented on the company. Dundee Securities reaffirmed a “buy” rating and issued a C$123.00 price target on shares of Canadian Imperial Bank of Commerce in a report on Wednesday, September 21st. Desjardins raised their price target on Canadian Imperial Bank of Commerce from C$109.00 to C$110.00 and gave the stock a “buy” rating in a report on Friday, August 26th. TD Securities raised their price target on Canadian Imperial Bank of Commerce from C$100.00 to C$105.00 and gave the stock a “hold” rating in a report on Friday, August 26th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$103.00 price target on shares of Canadian Imperial Bank of Commerce in a report on Friday, August 26th. Finally, National Bank Financial raised their price target on Canadian Imperial Bank of Commerce from C$95.00 to C$98.00 and gave the stock an “underperform” rating in a report on Friday, August 26th.

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Shares of Canadian Imperial Bank of Commerce (TSE:CM) opened at 105.72 on Monday. Canadian Imperial Bank of Commerce has a 12 month low of $82.19 and a 12 month high of $106.00. The company has a market cap of $41.74 billion and a price-to-earnings ratio of 10.27. The company’s 50-day moving average price is $101.39 and its 200-day moving average price is $101.03.

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.

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