Canadian Imperial Bank of Commerce (TSE:CM) Receives C$108.00 Price Target from Royal Bank of Canada

On March 19, 2025, analysts at Royal Bank of Canada issued a price target of C$108.00 for the Canadian Imperial Bank of Commerce (TSE:CM) in their latest research report. This target indicates a potential upside of 33.04% from the stock's previous closing price, and the bank currently holds an ‘outperform’ rating on the bank's stock.

Other analysts have also recently analyzed the stock. Canaccord Genuity Group raised its target for the shares of Canadian Imperial Bank of Commerce from C$92.00 to C$99.00 in a report released on December 6. Similarly, Cormark increased their estimate from C$99.00 to C$104.00 on the same day. On February 20, Scotiabank lowered its price target from C$114.00 to C$95.00 while maintaining an 'outperform' rating. BMO Capital Markets had previously raised the target from C$81.00 to C$99.00 on November 18. Lastly, UBS Group cut its price objective from C$102.00 to C$96.00 in their report on February 14. In total, one analyst has given the stock a sell rating, one a hold rating, and nine analysts have rated it as a buy. According to MarketBeat, the consensus rating for the stock stands at a ‘Moderate Buy’ with an average target price of C$93.50.

Canadian Imperial Bank of Commerce's Current Market Performance

The stock of Canadian Imperial Bank of Commerce opened at C$81.18 on Monday. Its 50-day and 200-day moving averages are C$87.41 and C$86.80, respectively. Over the past year, the stock has traded between a low of C$64.02 and a high of C$95.50. The bank has a market capitalization of C$75.95 billion and presents a price-to-earnings (P/E) ratio of 10.72 along with a P/E growth (P/E/G) ratio of 3.03. Its beta value is recorded at 1.12, reflecting its volatility compared to the market.

Insider Activity at Canadian Imperial Bank of Commerce

In recent insider transactions, Senior Officer Susan Rimmer sold 1,000 shares of the company's stock on December 19 at an average price of C$93.14, which amounted to a total of C$93,140. Notably, insiders own just 0.02% of the company's stock, indicating limited insider participation.

Overview of Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce is recognized as Canada’s fifth-largest bank, providing a diverse range of services across three main segments: retail and business banking, wealth management, and capital markets. The bank caters to around 11 million personal and business customers, predominantly based in Canada.

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