TD Securities Cuts Canadian Imperial Bank of Commerce (TSE:CM) Price Target to C$99.00

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM had its price objective lowered by equities research analysts at TD Securities from C$100.00 to C$99.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price target suggests a potential upside of 19.13% from the stock's previous close.

Several other research firms have also weighed in on CM. BMO Capital Markets lifted their price target on Canadian Imperial Bank of Commerce from C$81.00 to C$99.00 in a research report on Monday, November 18th. Scotiabank cut their price objective on Canadian Imperial Bank of Commerce from C$114.00 to C$95.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. UBS Group cut their price objective on shares of Canadian Imperial Bank of Commerce from C$102.00 to C$96.00 in a research report on Friday, February 14th. Royal Bank of Canada raised their price target on Canadian Imperial Bank of Commerce from C$103.00 to C$108.00 in a report on Friday. Finally, National Bankshares upped their price target on Canadian Imperial Bank of Commerce from C$86.00 to C$94.00 in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. 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$93.50.

Canadian Imperial Bank of Commerce Trading Down 4.1 %

Shares of CM traded down C$3.57 during mid-day trading on Friday, reaching C$83.10. The company's stock had a trading volume of 5,883,818 shares, compared to its average volume of 3,363,714. The stock has a market cap of C$77.75 billion, a PE ratio of 10.98, a P/E/G ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 52 week low of C$64.02 and a 52 week high of C$95.50. The company's fifty day moving average price is C$89.41 and its two-hundred day moving average price is C$86.08.

Insider Buying and Selling

In other Canadian Imperial Bank of Commerce news, Senior Officer Susan Rimmer sold 1,000 shares of Canadian Imperial Bank of Commerce stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$93.14, for a total value of C$93,140.00. Also, Senior Officer Frank Guse sold 5,360 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$93.28, for a total transaction of C$499,985.62. Following the sale, the insider now owns 440 shares of the company's stock, valued at approximately C$41,043.60. This represents a 92.41 % decrease in their ownership of the stock. Insiders sold 177,012 shares of company stock worth $16,687,218 over the last 90 days. 0.02% of the stock is owned by insiders.

Canadian Imperial Bank of Commerce Company Profile

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.