Trading Report: The Canadian Imperial Bank of Commerce (CM) Given Average Rating of “Hold” by Brokerages

The Canadian Imperial Bank of Commerce (CM) Given Average Rating of “Hold” by Brokerages

Shares of Canadian Imperial Bank of Commerce (TSE:CM) have earned a consensus rating of “Hold” from the thirteen research firms that are covering the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$105.23.

CM has been the subject of a number of research analyst reports. Desjardins upped their price objective on Canadian Imperial Bank of Commerce from C$109.00 to C$110.00 and gave the stock a “buy” rating in a report on Friday, August 26th. TD Securities increased their price target on Canadian Imperial Bank of Commerce from C$100.00 to C$105.00 and gave the company a “hold” rating in a report on Friday, August 26th. National Bank Financial increased their price target on Canadian Imperial Bank of Commerce from C$95.00 to C$98.00 and gave the company an “underperform” rating in a report on Friday, August 26th. Royal Bank Of Canada lowered their price target on Canadian Imperial Bank of Commerce from C$106.00 to C$104.00 and set a “sector perform” rating for the company in a report on Thursday, June 30th. Finally, Scotiabank lowered their price target on Canadian Imperial Bank of Commerce from C$107.00 to C$101.00 and set a “sector perform” rating for the company in a report on Monday, July 4th.

Canadian Imperial Bank of Commerce (TSE:CM) traded down 0.16% during mid-day trading on Monday, hitting $100.13. The stock had a trading volume of 343,876 shares. Canadian Imperial Bank of Commerce has a one year low of $82.19 and a one year high of $104.97. The company has a 50 day moving average price of $101.82 and a 200 day moving average price of $100.37. The stock has a market cap of $39.54 billion and a P/E ratio of 9.72.

Related posts

Leave a Comment