Canadian Imperial Bank of Commerce (TSE:CM)‘s stock had its “buy” rating reissued by research analysts at Dundee Securities in a research note issued on Wednesday. They presently have a C$123.00 price target on the stock. Dundee Securities’ price target suggests a potential upside of 21.51% from the company’s previous close.

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

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

Canadian Imperial Bank of Commerce (TSE:CM) traded up 0.93% during mid-day trading on Wednesday, reaching $102.17. The company’s stock had a trading volume of 933,145 shares. The firm’s 50 day moving average price is $101.44 and its 200 day moving average price is $99.93. The stock has a market cap of $40.34 billion and a price-to-earnings ratio of 9.92. Canadian Imperial Bank of Commerce has a 12-month low of $82.19 and a 12-month high of $104.97.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders 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 4.78%. The ex-dividend date is Monday, September 26th.

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.

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