Canadian Imperial Bank of Comme found using ticker (CM) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 57.7 and 56.43 and has a mean target at 57.07. With the stocks previous close at 49.01 this would indicate that there is a potential upside of 16.4%. The 50 day moving average now sits at 49.44 while the 200 day moving average is 56.21. The company has a market capitalisation of $44,975m. Company Website: https://www.cibc.com
The potential market cap would be $52,372m based on the market concensus.
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 four strategic business units: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. The company offers chequing, savings, and business accounts; mortgages; loans, lines of credit, student lines of credit, and business and agriculture loans; investment and insurance services; and credit cards, as well as overdraft protection services. It also provides day-to-day banking, borrowing and credit, specialty, investing and wealth, and international services; correspondent banking and online foreign exchange services; and cash management services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.
