Canadian Imperial Bank of Commerce (TSE:CM) Given a C$108.00 Price Target by Royal Bank of Canada Analysts

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) has been assigned a C$108.00 price target by investment analysts at Royal Bank of Canada in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 32.29% from the company’s previous close.

CM has been the subject of several other research reports. Canaccord Genuity Group raised their target price on shares of Canadian Imperial Bank of Commerce from C$92.00 to C$99.00 in a report on Friday, December 6th. BMO Capital Markets lifted their price objective on Canadian Imperial Bank of Commerce from C$81.00 to C$99.00 in a research note on Monday, November 18th. Scotiabank dropped their target price on Canadian Imperial Bank of Commerce from C$114.00 to C$95.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. UBS Group dropped their price target on shares of Canadian Imperial Bank of Commerce from C$102.00 to C$96.00 in a research report on Friday, February 14th. Finally, Cormark upped their price objective on shares of Canadian Imperial Bank of Commerce from C$99.00 to C$104.00 in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Canadian Imperial Bank of Commerce currently has an average rating of “Moderate Buy” and an average target price of C$93.50.

Canadian Imperial Bank of Commerce Stock Performance

TSE CM traded up C$0.91 during trading hours on Monday, reaching C$81.64. The stock had a trading volume of 700,578 shares, compared to its average volume of 3,661,539. Canadian Imperial Bank of Commerce has a 52-week low of C$64.02 and a 52-week high of C$95.50. The stock has a market cap of C$76.38 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 3.03 and a beta of 1.12. The stock has a fifty day moving average of C$87.76 and a 200 day moving average of C$86.68.

Insider Transactions at Canadian Imperial Bank of Commerce

In related news, Senior Officer Susan Rimmer sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$93.14, for a total transaction of C$93,140.00. Insiders own 0.02% of the company’s stock.

About Canadian Imperial Bank of Commerce

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.