Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its target price boosted by investment analysts at National Bank Financial from C$125.00 to C$133.00 in a research note issued to investors on Friday, StockTargetPrices.com reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 12.58% from the stock’s previous close.
A number of other equities analysts have also issued reports on CM. Barclays raised their price target on Canadian Imperial Bank of Commerce from C$108.00 to C$110.00 in a report on Friday, August 11th. Scotiabank raised their price target on Canadian Imperial Bank of Commerce from C$118.00 to C$120.00 and gave the stock a “sector perform” rating in a report on Monday, August 21st. Keefe, Bruyette & Woods raised their price target on Canadian Imperial Bank of Commerce from C$115.00 to C$116.00 in a report on Tuesday, August 22nd. BMO Capital Markets reissued a “market perform” rating and set a C$118.00 price target on shares of Canadian Imperial Bank of Commerce in a report on Friday, August 25th. Finally, Canaccord Genuity reissued a “buy” rating and set a C$116.00 price target on shares of Canadian Imperial Bank of Commerce in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$124.92.
Canadian Imperial Bank of Commerce (TSE CM) traded up C$3.34 during midday trading on Friday, hitting C$118.14. The company had a trading volume of 3,715,546 shares, compared to its average volume of 1,341,878. Canadian Imperial Bank of Commerce has a 52-week low of C$103.84 and a 52-week high of C$120.83.
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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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