Dundee Securities reiterated their buy rating on shares of Canadian Imperial Bank of Commerce (TSE:CM) in a research note issued to investors on Wednesday morning. They currently have a C$123.00 target price on the stock.

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

Several other equities analysts have also commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of Canadian Imperial Bank of Commerce from C$92.00 to C$97.00 in a research note on Thursday, August 18th. Royal Bank Of Canada increased their price target on shares of Canadian Imperial Bank of Commerce from C$104.00 to C$112.00 and gave the company a sector perform rating in a research note on Friday, August 26th. Barclays PLC increased their price objective on Canadian Imperial Bank of Commerce from C$87.00 to C$93.00 and gave the company an underperform rating in a report on Wednesday, August 17th. Scotiabank increased their price objective on Canadian Imperial Bank of Commerce from C$102.00 to C$105.00 and gave the company a sector perform rating in a report on Friday, August 26th. Finally, National Bank Financial increased their price objective 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. Five analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Canadian Imperial Bank of Commerce currently has an average rating of Hold and a consensus target price of C$105.23.

Canadian Imperial Bank of Commerce (TSE:CM) opened at 102.40 on Wednesday. The stock’s 50 day moving average is $101.58 and its 200 day moving average is $99.95. Canadian Imperial Bank of Commerce has a 12-month low of $82.19 and a 12-month high of $104.97. The stock has a market capitalization of $40.43 billion and a price-to-earnings ratio of 9.94.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Wednesday, September 28th will be issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend is Monday, September 26th.

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.

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