Peel Hunt Reaffirms a “Hold” Rating on Charles Taylor PLC (LON:CTR); Beutel Goodman & Co LTD Has Cut By $1.85 Million Its Canadian Imperial Bk (CM) Holding

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In an analyst note released on Thursday, 3 May, Peel Hunt maintained their “Hold” rating on shares of Charles Taylor PLC (LON:CTR).

Beutel Goodman & Co Ltd decreased Canadian Imperial Bk (CM) stake by 0.39% reported in 2017Q4 SEC filing. Beutel Goodman & Co Ltd sold 19,062 shares as Canadian Imperial Bk (CM)’s stock declined 9.42%. The Beutel Goodman & Co Ltd holds 4.83M shares with $473.00M value, down from 4.85M last quarter. Canadian Imperial Bk now has $38.90B valuation. The stock decreased 0.18% or $0.16 during the last trading session, reaching $86.99. About 201,931 shares traded. Canadian Imperial Bank of Commerce (NYSE:CM) has risen 0.83% since May 3, 2017 and is uptrending. It has underperformed by 10.72% the S&P500.

Beutel Goodman & Co Ltd increased Ingersoll (NYSE:IR) stake by 88,528 shares to 2.14M valued at $152.80M in 2017Q4. It also upped Eli Lilly & Co (NYSE:LLY) stake by 110,241 shares and now owns 2.42 million shares. Lyondellbasell Indus (NYSE:LYB) was raised too.

Analysts await Canadian Imperial Bank of Commerce (NYSE:CM) to report earnings on May, 24. They expect $2.23 earnings per share, up 12.06% or $0.24 from last year’s $1.99 per share. CM’s profit will be $997.10M for 9.75 P/E if the $2.23 EPS becomes a reality. After $2.50 actual earnings per share reported by Canadian Imperial Bank of Commerce for the previous quarter, Wall Street now forecasts -10.80% negative EPS growth.

Among 15 analysts covering Canadian Imperial Bank Of Commerce (NYSE:CM), 6 have Buy rating, 2 Sell and 7 Hold. Therefore 40% are positive. Canadian Imperial Bank Of Commerce has $117.0 highest and $78 lowest target. $102.38’s average target is 17.69% above currents $86.99 stock price. Canadian Imperial Bank Of Commerce had 29 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Hold” rating by TD Securities given on Thursday, December 3. On Friday, August 26 the stock rating was maintained by BMO Capital Markets with “Market Perform”. RBC Capital Markets maintained the shares of CM in report on Thursday, June 30 with “Sector Perform” rating. As per Monday, September 7, the company rating was downgraded by Zacks. Dundee Securities initiated the stock with “Buy” rating in Wednesday, September 21 report. The stock of Canadian Imperial Bank of Commerce (NYSE:CM) earned “Mkt Perform” rating by Keefe Bruyette & Woods on Friday, February 24. Macquarie Research maintained the shares of CM in report on Friday, December 4 with “Neutral” rating. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, August 24 report. The company was upgraded on Tuesday, December 19 by Barclays Capital. The firm earned “Underperform” rating on Thursday, August 27 by Credit Suisse.

Investors sentiment increased to 1.58 in 2017 Q4. Its up 0.65, from 0.93 in 2017Q3. It increased, as 0 investors sold Charles Taylor plc shares while 12 reduced holdings. 12 funds opened positions while 7 raised stakes. 7.36 million shares or 0.62% less from 7.40 million shares in 2017Q3 were reported. Wells Fargo Mn invested 0% in Charles Taylor plc (LON:CTR). Janney Montgomery Scott Lc, a Pennsylvania-based fund reported 111,150 shares. Oxbow Advisors Ltd Limited Liability Company reported 1.96% of its portfolio in Charles Taylor plc (LON:CTR). Asset Mgmt accumulated 505,516 shares. Oppenheimer And Com reported 12,424 shares. Stephens Ar holds 0.08% or 192,214 shares in its portfolio. Susquehanna Gru Ltd Liability Partnership stated it has 42,367 shares. Pnc Gp holds 0% of its portfolio in Charles Taylor plc (LON:CTR) for 5,000 shares. Royal Fincl Bank Of Canada holds 0% of its portfolio in Charles Taylor plc (LON:CTR) for 393,025 shares. Sit Investment Assocs stated it has 0.13% of its portfolio in Charles Taylor plc (LON:CTR). Wolverine Asset Mngmt, Illinois-based fund reported 130,871 shares. Weiss Asset Mngmt L P has 46,157 shares for 0.05% of their portfolio. Freestone Capital Hldg Lc accumulated 96,840 shares. Lpl Financial Ltd Co holds 52,416 shares or 0% of its portfolio. Thomas J Herzfeld Advsr holds 0.04% or 10,001 shares.

Charles Taylor plc provides professional services to the insurance market in the United Kingdom, the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company has market cap of 178.65 million GBP. It operates through Management Services, Adjusting Services, and Insurance Support Services businesses. It has a 20 P/E ratio. The Management Services business provides management services to insurance companies and associations.

Among 4 analysts covering Charles Taylor PLC (LON:CTR), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Charles Taylor PLC has GBX 365 highest and GBX 280 lowest target. GBX 310.67’s average target is 19.49% above currents GBX 260 stock price. Charles Taylor PLC had 39 analyst reports since December 7, 2015 according to SRatingsIntel. On Monday, March 27 the stock rating was maintained by Peel Hunt with “Add”. Liberum Capital maintained Charles Taylor plc (LON:CTR) rating on Tuesday, February 16. Liberum Capital has “Buy” rating and GBX 291 target. On Tuesday, August 30 the stock rating was maintained by Peel Hunt with “Buy”. The rating was maintained by Shore Capital on Tuesday, August 30 with “Buy”. As per Monday, September 4, the company rating was maintained by Liberum Capital. The stock has “Buy” rating by Numis Securities on Thursday, August 10. The stock of Charles Taylor plc (LON:CTR) has “Buy” rating given on Thursday, March 9 by Liberum Capital. The firm earned “Buy” rating on Monday, August 15 by Peel Hunt. Peel Hunt maintained the stock with “Add” rating in Monday, December 5 report. The stock of Charles Taylor plc (LON:CTR) has “Buy” rating given on Monday, February 6 by Liberum Capital.

The stock decreased 0.38% or GBX 1 during the last trading session, reaching GBX 260. About 19,385 shares traded. Charles Taylor plc (LON:CTR) has 0.00% since May 3, 2017 and is . It has underperformed by 11.55% the S&P500.

Canadian Imperial Bank of Commerce (NYSE:CM) Ratings Chart