Bombardier, Inc. Class B (TSE:BBD.B) Given New C$230.00 Price Target at CIBC

Bombardier, Inc. Class B (TSE:BBD.B) had its price target increased by CIBC from C$222.00 to C$230.00 in a report issued on Friday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 17.08% from the stock’s current price.

Several other equities analysts have also weighed in on BBD.B. Royal Bank Of Canada increased their price objective on shares of Bombardier, Inc. Class B from C$202.00 to C$230.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. National Bankshares increased their price target on shares of Bombardier, Inc. Class B from C$179.00 to C$216.00 and gave the company an “outperform” rating in a report on Friday, September 26th. BMO Capital Markets raised their price objective on shares of Bombardier, Inc. Class B from C$185.00 to C$190.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Scotiabank upped their target price on Bombardier, Inc. Class B from C$150.00 to C$190.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, Citigroup increased their target price on Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$208.80.

Bombardier, Inc. Class B Stock Performance

BBD.B traded down C$0.98 during trading hours on Friday, reaching C$196.44. The company’s stock had a trading volume of 482,375 shares, compared to its average volume of 538,211. The company’s 50-day moving average is C$184.41 and its 200-day moving average is C$146.18. Bombardier, Inc. Class B has a 52 week low of C$71.79 and a 52 week high of C$204.50. The firm has a market cap of C$19.49 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 6.26 and a beta of 1.41.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.