Barclays Capital Gives Overweight Rating to CIBC (CM)

By admin | 6 years ago

CIBC (NYSE: CM)‘s stock had its “overweight” rating reaffirmed by Barclays Capital (NYSE: BCS) in a research note issued on Friday.

A number of other firms have also recently commented on CM. Analysts at CIBC downgraded shares of CIBC to a “buy” rating in a research note to investors on Friday, March 9th. They noted that the move was a valuation call. Analysts at TD Securities downgraded shares of CIBC to a “buy” rating in a research note to investors on Friday, March 9th.

CIBC opened at 67.79 on Friday. CIBC has a 1-year low of $64.92 and a 1-year high of $80.53. The company has a market cap of $27.330 billion and a price-to-earnings ratio of 9.39.

Canadian Imperial Bank of Commerce (CIBC) is a diversified financial institution. CIBC was formed through the amalgamation of The Canadian Bank of Commerce and Imperial Bank of Canada.

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