RBC Capital analyst Darko Mihelic maintained a Hold rating on Canadian Bank of Commerce (CM – Research Report) on May 15 and set a price target of C$68.00. The company’s shares closed yesterday at $48.94.
Mihelic covers the Financial sector, focusing on stocks such as Manulife Financial, Toronto Dominion Bank, and Sagicor Financial. According to TipRanks, Mihelic has an average return of 6.2% and a 58.62% success rate on recommended stocks.
In addition to RBC Capital, Canadian Bank of Commerce also received a Hold from Canaccord Genuity’s Matthew Lee in a report issued yesterday. However, on May 13, Jefferies maintained a Buy rating on Canadian Bank of Commerce (NYSE: CM).
The company has a one-year high of $50.84 and a one-year low of $33.42. Currently, Canadian Bank of Commerce has an average volume of 1.71M.
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Canadian Bank of Commerce (CM) Company Description:
Canadian Imperial Bank of Commerce is a financial institution, which provides banking and wealth management services to personal, business, public sector, and institutional clients. It operates through the following segments: Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets.
