Canadian Imperial Bank of Commerce (CM) – Analysts’ Recent Ratings Updates

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Several analysts have recently updated their ratings and price targets for Canadian Imperial Bank of Commerce (TSE: CM):

8/26/2016 – Canadian Imperial Bank of Commerce had its price target raised by analysts at National Bank Financial from C$95.00 to C$98.00. They now have an “underperform” rating on the stock.
8/26/2016 – Canadian Imperial Bank of Commerce had its price target raised by analysts at Scotiabank from C$102.00 to C$105.00. They now have a “sector perform” rating on the stock.
8/26/2016 – Canadian Imperial Bank of Commerce had its price target raised by analysts at Desjardins from C$109.00 to C$110.00. They now have a “buy” rating on the stock.
8/26/2016 – Canadian Imperial Bank of Commerce had its price target raised by analysts at TD Securities from C$100.00 to C$105.00. They now have a “hold” rating on the stock.
8/26/2016 – Canadian Imperial Bank of Commerce had its price target raised by analysts at Royal Bank Of Canada from C$104.00 to C$112.00. They now have a “sector perform” rating on the stock.
8/26/2016 – Canadian Imperial Bank of Commerce had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a C$103.00 price target on the stock.
8/25/2016 – Canadian Imperial Bank of Commerce had its “underweight” rating reaffirmed by analysts at Barclays PLC. They now have a C$99.00 price target on the stock.
8/18/2016 – Canadian Imperial Bank of Commerce had its price target raised by analysts at Keefe, Bruyette & Woods from C$92.00 to C$97.00.
8/17/2016 – Canadian Imperial Bank of Commerce had its price target raised by analysts at Barclays PLC from C$87.00 to C$93.00. They now have an “underperform” rating on the stock.

Shares of Canadian Imperial Bank of Commerce (TSE:CM) traded down 0.19% during midday trading on Friday, reaching $103.27. The company’s stock had a trading volume of 157,485 shares. The stock has a market capitalization of $40.77 billion and a PE ratio of 10.03. The company has a 50 day moving average price of $101.01 and a 200-day moving average price of $99.16. Canadian Imperial Bank of Commerce has a 52 week low of $82.19 and a 52 week high of $104.97.

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The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Wednesday, September 28th will be given a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 4.68%.
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.

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