Canaccord Genuity Sticks to Their Hold Rating for Canadian Bank of Commerce (CM)
In a report released today, Matthew Lee from Canaccord Genuity maintained a Hold rating on Canadian Bank of Commerce, with a price target of C$136.00.
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Lee covers the Financial sector, focusing on stocks such as Bank Of Montreal, Bank Of Nova Scotia, and Canadian Bank of Commerce. According to TipRanks, Lee has an average return of 21.8% and a 70.92% success rate on recommended stocks.
In addition to Canaccord Genuity, Canadian Bank of Commerce also received a Hold from Jefferies’s John Aiken in a report issued yesterday. However, on February 10, RBC Capital maintained a Buy rating on Canadian Bank of Commerce (NYSE: CM).
CM market cap is currently C$123.2B and has a P/E ratio of 15.42.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CM in relation to earlier this year.
Read More on CM:
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