Cormark Forecasts Strong Price Appreciation for Canadian Imperial Bank of Commerce (TSE:CM) Stock

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price target increased by analysts at Cormark from C$99.00 to C$104.00 in a note issued to investors on Friday,BayStreet.CA reports. Cormark’s price objective would indicate a potential upside of 10.23% from the stock’s current price. Cormark also issued estimates for Canadian Imperial Bank of Commerce’s FY2026 earnings at $8.65 EPS.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets boosted their price objective on shares of Canadian Imperial Bank of Commerce from C$81.00 to C$99.00 in a research report on Monday, November 18th. Barclays boosted their price target on Canadian Imperial Bank of Commerce from C$71.00 to C$77.00 and gave the company an “underweight” rating in a report on Friday, August 30th. Jefferies Financial Group reduced their price target on Canadian Imperial Bank of Commerce from C$79.00 to C$78.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Scotiabank lifted their price objective on Canadian Imperial Bank of Commerce from C$108.00 to C$114.00 in a research report on Friday. Finally, TD Securities boosted their price objective on Canadian Imperial Bank of Commerce from C$91.00 to C$98.00 in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$90.00.

Canadian Imperial Bank of Commerce Trading Up 0.9 %

CM opened at C$94.35 on Friday. The company’s 50 day moving average is C$87.10 and its 200 day moving average is C$76.21. The company has a market cap of C$89.16 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 12-month low of C$57.52 and a 12-month high of C$94.81.

Insider Transactions at Canadian Imperial Bank of Commerce

In other Canadian Imperial Bank of Commerce news, Senior Officer Shawn Beber sold 10,000 shares of Canadian Imperial Bank of Commerce stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$81.80, for a total value of C$817,960.00. Also, Director Harry Kenneth Culham sold 50,000 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of C$83.42, for a total value of C$4,170,750.00. Over the last quarter, insiders have sold 197,527 shares of company stock valued at $16,381,457. 0.02% of the stock is currently owned by corporate insiders.

Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.