Royal Bank Of Canada Raises Canadian Imperial Bank of Commerce (CM) Price Target to C$128.00

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price target boosted by analysts at Royal Bank Of Canada from C$119.00 to C$128.00 in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 8.35% from the stock’s previous close.

Other research analysts have also issued reports about the company. National Bank Financial lifted their target price on Canadian Imperial Bank of Commerce from C$125.00 to C$133.00 and gave the company an “outperform” rating in a report on Friday. CSFB lifted their target price on Canadian Imperial Bank of Commerce from C$116.00 to C$125.00 and gave the company an “outperform” rating in a report on Friday. Canaccord Genuity set a C$126.00 target price on Canadian Imperial Bank of Commerce in a report on Friday. Barclays lifted their target price on Canadian Imperial Bank of Commerce from C$110.00 to C$119.00 in a report on Friday. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$118.00 target price on shares of Canadian Imperial Bank of Commerce in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Canadian Imperial Bank of Commerce currently has a consensus rating of “Hold” and a consensus target price of C$124.92.

Canadian Imperial Bank of Commerce (CM) traded up C$3.34 during trading hours on Friday, reaching 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.

ILLEGAL ACTIVITY NOTICE: “Royal Bank Of Canada Raises Canadian Imperial Bank of Commerce (CM) Price Target to C$128.00” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/01/royal-bank-of-canada-raises-canadian-imperial-bank-of-commerce-cm-price-target-to-c128-00.html.

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.

Stock Target Prices

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

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.

Leave a Reply