Canadian Imperial Bank of Commerce (TSE:CM) Given a C$108.00 Price Target by Royal Bank of Canada Analysts

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) has been given a C$108.00 price objective by stock analysts at Royal Bank of Canada in a research report issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 33.04% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Canaccord Genuity Group boosted their target price on shares of Canadian Imperial Bank of Commerce from C$92.00 to C$99.00 in a research note on Friday, December 6th. Cormark boosted their target price on shares of Canadian Imperial Bank of Commerce from C$99.00 to C$104.00 in a research note on Friday, December 6th. Scotiabank decreased their target price on shares of Canadian Imperial Bank of Commerce from C$114.00 to C$95.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. BMO Capital Markets boosted their target price on shares of Canadian Imperial Bank of Commerce from C$81.00 to C$99.00 in a research note on Monday, November 18th. Finally, UBS Group reduced their price objective on shares of Canadian Imperial Bank of Commerce from C$102.00 to C$96.00 in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$93.50.

Canadian Imperial Bank of Commerce Price Performance

CM opened at C$81.18 on Monday. The firm has a fifty day moving average price of C$87.41 and a 200 day moving average price of C$86.80. Canadian Imperial Bank of Commerce has a 1 year low of C$64.02 and a 1 year high of C$95.50. The stock has a market cap of C$75.95 billion, a P/E ratio of 10.72, a P/E/G ratio of 3.03 and a beta of 1.12.

Insider Transactions at Canadian Imperial Bank of Commerce

In other news, Senior Officer Susan Rimmer sold 1,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of C$93.14, for a total transaction of C$93,140.00. Insiders own 0.02% of the company’s stock.

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce is Canada’s fifth- largest bank, operating three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.