Dundee Securities issued a report on Canadian Imperial Bank Of Commerce (TSE:CM), raising its target price to $123.00 today
- Updated: September 21, 2016
Just yesterday Canadian Imperial Bank Of Commerce (TSE:CM) traded 0.94% higher at $102.15. Canadian Imperial Bank Of Commerce’s 50-day moving average is $101.44 and its 200-day moving average is $99.93. The last stock price is up 2.25% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,027,887 shares of CM traded hands, down from an average trading volume of 1,133,150
In a report released on 9/21/2016 Dundee Securities increased the stock price target of Canadian Imperial Bank Of Commerce (TSE:CM) to $123.00 reporting a possible upside of 0.20%.
Previously on Friday August 26, 2016, BMO Capital Markets released a statement about Canadian Imperial Bank Of Commerce (TSE:CM) increased the target price from $0.00 to $103.00. At the time, this indicated a possible downside of -0.01%.
Recent Performance Chart
Canadian Imperial Bank Of Commerce has 52 week low of $82.19 and a 52 week high of $104.97 with a PE ratio of 9.92 and has a market capitalization of $0.
In addition to Dundee Securities reporting its stock price target, a total of 14 brokerages have issued a ratings update on the company. The average stock price target is $80.55 with 0 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 4 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Canadian Imperial Bank Of Commerce (TSE:CM)
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. The Company's Retail and Business Banking segment provides personal and business clients across Canada with financial advice, products and services in its banking centers or through remote channels, such as mobile advisors, telephone, online or mobile banking. The Company's Wealth Management segment provides advice and investment solutions. The Company's Capital Markets segment provides integrated credit and global markets products, investment banking advisory services and research to corporate, government and institutional clients around the world.
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