CIBC Forecasts Strong Price Appreciation for Bombardier, Inc. Class B (TSE:BBD.B) Stock

Posted by on Dec 4th, 2024

Bombardier, Inc. Class B (TSE:BBD.B – Get Free Report) had its price target raised by investment analysts at CIBC from C$131.00 to C$132.00 in a report released on Wednesday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 31.91% from the company’s current price.

Several other brokerages also recently commented on BBD.B. TD Securities cut their target price on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research note on Friday, November 8th. Scotiabank downgraded Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price for the company. in a research note on Friday, November 1st. National Bankshares lifted their price target on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research report on Friday, November 8th. Finally, National Bank Financial lifted their price target on Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Bombardier, Inc. Class B has a consensus rating of “Moderate Buy” and a consensus price target of C$114.42.

Read Our Latest Stock Analysis on Bombardier, Inc. Class B

Bombardier, Inc. Class B Stock Down 0.8 %

TSE BBD.B traded down C$0.80 on Wednesday, reaching C$100.07. The company had a trading volume of 230,485 shares, compared to its average volume of 439,459. Bombardier, Inc. Class B has a 52-week low of C$44.29 and a 52-week high of C$113.60. The stock has a market capitalization of C$8.66 billion, a P/E ratio of 25.93, a P/E/G ratio of 6.26 and a beta of 2.98. The company’s fifty day moving average is C$101.15 and its 200 day moving average is C$91.57.

Bombardier, Inc. Class B Company Profile

(Get Free Report)

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

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Analyst Recommendations for Bombardier, Inc. Class B (TSE:BBD.B)

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