National Bankshares Cuts Canadian Imperial Bank of Commerce (TSE:CM) Price Target to C$95.00

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price objective reduced by investment analysts at National Bankshares from C$101.00 to C$95.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 22.09% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank of Canada set a C$108.00 target price on shares of Canadian Imperial Bank of Commerce and gave the company an “outperform” rating in a report on Monday, March 17th. TD Securities lowered their price objective on shares of Canadian Imperial Bank of Commerce from C$100.00 to C$99.00 and set a “buy” rating for the company in a research note on Friday, February 28th. UBS Group cut their target price on Canadian Imperial Bank of Commerce from C$102.00 to C$96.00 in a research report on Friday, February 14th. Finally, Scotiabank reduced their target price on Canadian Imperial Bank of Commerce from C$114.00 to C$95.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Canadian Imperial Bank of Commerce has a consensus rating of “Moderate Buy” and a consensus price target of C$93.58.

Canadian Imperial Bank of Commerce Trading Down 0.6 %

Shares of TSE:CM opened at C$77.81 on Monday. The firm has a market cap of C$72.80 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 3.03 and a beta of 1.12. The stock’s 50-day moving average price is C$84.30 and its two-hundred day moving average price is C$87.19. Canadian Imperial Bank of Commerce has a 12-month low of C$64.02 and a 12-month high of C$95.50.

Insider Transactions at Canadian Imperial Bank of Commerce

In other Canadian Imperial Bank of Commerce news, Senior Officer Sandy Sharman sold 1,027 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of C$81.27, for a total transaction of C$83,464.29. Corporate 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.