CSFB Boosts Canadian Imperial Bank of Commerce (CM) Price Target to C$125.00

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price target hoisted by CSFB from C$116.00 to C$125.00 in a report published on Friday. They currently have an outperform rating on the stock.

Several other research analysts have also recently commented on CM. Barclays boosted their price target on shares of Canadian Imperial Bank of Commerce from C$108.00 to C$110.00 in a report on Friday, August 11th. Canaccord Genuity set a C$126.00 price objective on shares of Canadian Imperial Bank of Commerce in a research report on Friday. BMO Capital Markets restated a market perform rating and set a C$118.00 price objective on shares of Canadian Imperial Bank of Commerce in a research report on Friday, August 25th. Scotiabank reduced their price objective on shares of Canadian Imperial Bank of Commerce from C$120.00 to C$118.00 and set a sector perform rating for the company in a research report on Sunday, August 27th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Canadian Imperial Bank of Commerce from C$115.00 to C$116.00 in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of C$124.92.

Canadian Imperial Bank of Commerce (TSE:CM) opened at C$121.20 on Friday. Canadian Imperial Bank of Commerce has a twelve month low of C$103.84 and a twelve month high of C$121.41.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Thursday, December 28th will be given a dividend of $1.30 per share. The ex-dividend date is Wednesday, December 27th. This represents a $5.20 annualized dividend and a dividend yield of 4.29%. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 44.28%.

COPYRIGHT VIOLATION NOTICE: This story was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://www.com-unik.info/2017/12/04/csfb-boosts-canadian-imperial-bank-of-commerce-cm-price-target-to-c125-00.html.

About Canadian Imperial Bank of Commerce

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.

Analyst Recommendations for Canadian Imperial Bank of Commerce (TSE:CM)

What are top analysts saying about Canadian Imperial Bank of Commerce? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Canadian Imperial Bank of Commerce and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit