Canadian Imperial Bank of Comme with ticker code (CM) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 58.22 and 56.94 and has a mean target at 57.58. Given that the stocks previous close was at 46.32 this indicates there is a potential upside of 24.3%. The day 50 moving average is 45.4 while the 200 day moving average is 53.44. The company has a market cap of $41,860m. You can visit the company’s website by visiting: https://www.cibc.com
The potential market cap would be $52,036m 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.
