Canadian Imperial Bank of Commerce (TSE:CM)‘s stock had its “buy” rating reaffirmed by Dundee Securities in a research report issued to clients and investors on Wednesday. They presently have a C$123.00 price objective on the stock. Dundee Securities’ price objective would indicate a potential upside of 20.12% from the company’s current price.

A number of other equities analysts have also commented on the stock. TD Securities raised their price objective on shares of Canadian Imperial Bank of Commerce from C$100.00 to C$105.00 and gave the company a “hold” rating in a research report on Friday, August 26th. Scotiabank lifted their target price on shares of Canadian Imperial Bank of Commerce from C$102.00 to C$105.00 and gave the company a “sector perform” rating in a research report on Friday, August 26th. Desjardins lifted their target price on shares of Canadian Imperial Bank of Commerce from C$109.00 to C$110.00 and gave the company a “buy” rating in a research report on Friday, August 26th. BMO Capital Markets reiterated a “market perform” rating and set a C$103.00 target price on shares of Canadian Imperial Bank of Commerce in a research report on Friday, August 26th. Finally, National Bank Financial lifted their target price on shares of Canadian Imperial Bank of Commerce from C$95.00 to C$98.00 and gave the company an “underperform” rating in a research report on Friday, August 26th. Five 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 currently has a consensus rating of “Hold” and an average target price of C$105.23.

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

Shares of Canadian Imperial Bank of Commerce (TSE:CM) traded up 1.16% during trading on Wednesday, reaching $102.40. 1,463,655 shares of the company’s stock traded hands. The company’s 50-day moving average is $101.44 and its 200 day moving average is $99.93. The company has a market cap of $40.43 billion and a price-to-earnings ratio of 9.94. Canadian Imperial Bank of Commerce has a 52-week low of $82.19 and a 52-week high of $104.97.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/canadian-imperial-bank-of-commerce-cm-rating-reiterated-by-dundee-securities-2.html

The company also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Wednesday, September 28th will be paid a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend is Monday, September 26th.

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.

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.