Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its target price lifted by Scotiabank from C$128.00 to C$135.00 in a report released on Friday morning.

CM has been the topic of several other research reports. Royal Bank Of Canada boosted their target price on shares of Canadian Imperial Bank of Commerce from C$119.00 to C$128.00 and gave the stock a sector perform rating in a research report on Friday. National Bank Financial boosted their target price on shares of Canadian Imperial Bank of Commerce from C$125.00 to C$133.00 and gave the stock an outperform rating in a research report on Friday. CSFB boosted their target price on shares of Canadian Imperial Bank of Commerce from C$116.00 to C$125.00 and gave the stock an outperform rating in a research report on Friday. Canaccord Genuity set a C$126.00 target price on shares of Canadian Imperial Bank of Commerce in a research report on Friday. Finally, Barclays boosted their target price on shares of Canadian Imperial Bank of Commerce from C$110.00 to C$119.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Canadian Imperial Bank of Commerce currently has a consensus rating of Hold and an average target price of C$124.92.

Shares of Canadian Imperial Bank of Commerce (TSE CM) traded up C$3.06 during trading on Friday, hitting C$121.20. 2,871,300 shares of the stock were exchanged, compared to its average volume of 1,348,470. Canadian Imperial Bank of Commerce has a 52-week low of C$103.84 and a 52-week high of C$121.41.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Thursday, December 28th will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Wednesday, December 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 44.28%.

TRADEMARK VIOLATION NOTICE: This story was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright law. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/12/02/canadian-imperial-bank-of-commerce-cm-price-target-raised-to-c135-00-at-scotiabank.html.

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.

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.