Canadian Imperial Bank of Commerce (TSE:CM) PT Set at C$108.00 by Royal Bank of Canada

Royal Bank of Canada set a C$108.00 price target on Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts have also recently issued reports about the stock. UBS Group decreased their price objective on shares of Canadian Imperial Bank of Commerce from C$102.00 to C$96.00 in a research note on Friday, February 14th. Canaccord Genuity Group lifted their price objective on shares of Canadian Imperial Bank of Commerce from C$92.00 to C$99.00 in a research note on Friday, December 6th. BMO Capital Markets lifted their price objective on shares of Canadian Imperial Bank of Commerce from C$81.00 to C$99.00 in a research note on Monday, November 18th. TD Securities decreased their price objective on shares of Canadian Imperial Bank of Commerce from C$100.00 to C$99.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, Scotiabank decreased 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 note on Thursday, February 20th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Canadian Imperial Bank of Commerce has a consensus rating of “Moderate Buy” and a consensus price target of C$93.50.

Canadian Imperial Bank of Commerce Trading Up 0.2 %

Shares of TSE CM opened at C$81.35 on Monday. Canadian Imperial Bank of Commerce has a 12 month low of C$64.02 and a 12 month high of C$95.50. The company has a 50 day simple moving average of C$87.22 and a two-hundred day simple moving average of C$86.86. The stock has a market cap of C$76.11 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 3.03 and a beta of 1.12.

Canadian Imperial Bank of Commerce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Friday, March 28th. Canadian Imperial Bank of Commerce’s payout ratio is 47.55%.

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.