Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its target price increased by Royal Bank Of Canada from C$119.00 to C$128.00 in a research note published on Friday morning. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other analysts have also recently issued reports on the company. National Bank Financial raised their target price 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. CSFB raised their target price on Canadian Imperial Bank of Commerce from C$116.00 to C$125.00 and gave the stock an outperform rating in a research note on Friday. Canaccord Genuity set a C$126.00 target price on Canadian Imperial Bank of Commerce in a research note on Friday. Barclays raised their target price on Canadian Imperial Bank of Commerce from C$110.00 to C$119.00 in a research note on Friday. Finally, Citigroup cut Canadian Imperial Bank of Commerce from a buy rating to a neutral rating and raised their target price for the stock from C$113.00 to C$120.00 in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of C$124.92.

Canadian Imperial Bank of Commerce (TSE:CM) opened at C$120.34 on Friday. Canadian Imperial Bank of Commerce has a 12 month low of C$103.84 and a 12 month high of C$122.56.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Thursday, December 28th will be given a dividend of $1.30 per share. The ex-dividend date is Wednesday, December 27th. This represents a $5.20 annualized dividend and a yield of 4.32%. Canadian Imperial Bank of Commerce’s payout ratio is 44.28%.

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About Canadian Imperial Bank of Commerce

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)

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