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

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price objective reduced by research analysts at National Bankshares from C$101.00 to C$95.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 20.63% from the company’s current price.

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

Canadian Imperial Bank of Commerce Stock Down 2.4 %

Shares of CM stock traded down C$1.91 during trading hours on Monday, hitting C$78.75. 2,340,797 shares of the company’s stock traded hands, compared to its average volume of 4,041,907. The stock has a market cap of C$73.68 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 3.03 and a beta of 1.12. The stock’s 50 day simple moving average is C$85.16 and its 200 day simple moving average is C$87.28. 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 business’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 value of C$83,464.29. Company 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.