Canadian Imperial Bank of Comme with ticker code (CM) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 57 and 55.75 calculating the average target price we see 56.38. Given that the stocks previous close was at 52.2 this would indicate that there is a potential upside of 8.0%. The 50 day MA is 49.73 and the 200 day moving average is 56.9. The market cap for the company is $46,464m. Visit the company website at: https://www.cibc.com
The potential market cap would be $50,185m 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.
