CIBC (NYSE:CM) had its target price lifted by Barclays Capital from $73.00 to $77.00 in a research note released on Friday morning, Stock Ratings Network.com reports. They currently have an underweight rating on the stock.
A number of other firms have also recently commented on CM. Analysts at Keefe, Bruyette & Woods raised their price target on shares of CIBC (NYSE:CM) from $76.00 to $78.00 in a research note to investors on Thursday, August 22nd. They now have a market perform rating on the stock. Separately, analysts at CIBC initiated coverage on shares of CIBC (NYSE:CM) in a research note to investors on Friday, August 16th. They set a hold rating on the stock.
Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $85.85.
CIBC (NYSE:CM) traded down 0.55% on Friday, hitting $77.78. The stock had a trading volume of 108,302 shares. CIBC has a 52 week low of $69.92 and a 52 week high of $84.38. The stock has a 50-day moving average of $75.70 and a 200-day moving average of $76.97. The company has a market cap of $31.148 billion and a P/E ratio of 9.35.
The company also recently announced a quarterly dividend, which is scheduled for Monday, October 28th. Investors of record on Friday, September 27th will be paid a dividend of $0.91 per share. This represents a $3.66 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Wednesday, September 25th.
Canadian Imperial Bank of Commerce (NYSE:CM) is a global financial institution.
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