National Bankshares Has Lowered Expectations for Canadian Imperial Bank of Commerce (TSE:CM) Stock Price

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM had its price target dropped by National Bankshares from C$101.00 to C$95.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price target indicates a potential upside of 19.81% from the stock's current price.

Other equities analysts have also issued research reports about the company. TD Securities lowered their price objective on Canadian Imperial Bank of Commerce from C$100.00 to C$99.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Royal Bank of Canada set a C$108.00 price objective on shares of Canadian Imperial Bank of Commerce and gave the stock an "outperform" rating in a research note on Monday, March 17th. Scotiabank dropped their target price on shares of Canadian Imperial Bank of Commerce from C$114.00 to C$95.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Finally, UBS Group reduced their price target on shares of Canadian Imperial Bank of Commerce from C$102.00 to C$96.00 in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$93.58.

Canadian Imperial Bank of Commerce Stock Up 0.5 %

Shares of Canadian Imperial Bank of Commerce stock traded up C$0.40 during trading on Monday, reaching C$79.29. The company's stock had a trading volume of 5,124,695 shares, compared to its average volume of 4,276,844. The business's 50-day moving average price is C$83.50 and its 200-day moving average price is C$87.04. Canadian Imperial Bank of Commerce has a 52 week low of C$64.02 and a 52 week high of C$95.50. The firm has a market cap of C$74.18 billion, a PE ratio of 10.47, a P/E/G ratio of 3.03 and a beta of 1.12.

Insider Buying and Selling

In other news, Senior Officer Sandy Sharman sold 1,027 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of C$81.27, for a total value of C$83,464.29. 0.02% of the stock is owned by corporate insiders.

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.