CSFB Boosts Canadian Imperial Bank of Commerce (CM) Price Target to C$134.00

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its target price upped by equities research analysts at CSFB from C$125.00 to C$134.00 in a research report issued to clients and investors on Friday. CSFB’s price target indicates a potential upside of 9.57% from the stock’s current price.

Several other brokerages have also issued reports on CM. TD Securities lifted their price target on Canadian Imperial Bank of Commerce from C$125.00 to C$135.00 and gave the stock a “buy” rating in a research note on Friday, December 1st. Scotiabank lifted their price target on Canadian Imperial Bank of Commerce from C$128.00 to C$135.00 in a research note on Friday, December 1st. Royal Bank of Canada lifted their price target on Canadian Imperial Bank of Commerce from C$119.00 to C$128.00 and gave the stock a “sector perform” rating in a research note on Friday, December 1st. National Bank Financial lifted their price target on Canadian Imperial Bank of Commerce from C$125.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Friday, December 1st. Finally, Canaccord Genuity set a C$126.00 price target on Canadian Imperial Bank of Commerce in a research note on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$126.40.

Shares of Canadian Imperial Bank of Commerce (TSE:CM) traded down C$0.72 during mid-day trading on Friday, reaching C$122.30. The company’s stock had a trading volume of 1,087,845 shares, compared to its average volume of 1,241,922. Canadian Imperial Bank of Commerce has a 52-week low of C$103.84 and a 52-week high of C$124.37. The company has a market capitalization of $54,160.00, a price-to-earnings ratio of 10.85 and a beta of 0.77.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last issued its quarterly earnings results on Thursday, November 30th. The company reported C$2.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$2.62 by C$0.19. Canadian Imperial Bank of Commerce had a return on equity of 15.90% and a net margin of 27.27%.

In other news, Director Laura Lee Dottori-Attanasio sold 11,928 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of C$119.55, for a total value of C$1,425,992.40.

COPYRIGHT VIOLATION NOTICE: “CSFB Boosts Canadian Imperial Bank of Commerce (CM) Price Target to C$134.00” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/19/csfb-boosts-canadian-imperial-bank-of-commerce-cm-price-target-to-c134-00.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.

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.

Latest News

Leave a Reply