Canadian Imperial Bank of Commerce (TSE:CM) Raised to Hold at Raymond James Financial

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) was upgraded by analysts at Raymond James Financial to a “hold” rating in a note issued to investors on Monday, MarketBeat Ratings reports.

CM has been the topic of several other reports. Royal Bank Of Canada raised their target price on Canadian Imperial Bank of Commerce from C$112.00 to C$113.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Scotiabank boosted their price objective on shares of Canadian Imperial Bank of Commerce from C$121.00 to C$123.00 and gave the company an “outperform” rating in a research report on Tuesday. Jefferies Financial Group raised their target price on Canadian Imperial Bank of Commerce from C$106.00 to C$118.00 and gave the stock a “hold” rating in a report on Tuesday. Barclays boosted their price target on Canadian Imperial Bank of Commerce from C$106.00 to C$119.00 and gave the company an “underweight” rating in a report on Monday. Finally, Desjardins lifted their price objective on Canadian Imperial Bank of Commerce from C$106.00 to C$113.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$113.00.

Canadian Imperial Bank of Commerce Trading Up 0.5%

TSE:CM traded up C$0.54 during trading hours on Monday, reaching C$120.31. 279,766 shares of the company traded hands, compared to its average volume of 3,365,693. The stock has a market capitalization of C$111.84 billion, a P/E ratio of 14.55, a P/E/G 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 business’s 50-day moving average price is C$115.28 and its two-hundred day moving average price is C$104.61.

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.