Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Expected to Rise, CIBC Analyst Says

Bombardier, Inc. Class B (TSE:BBD.B) had its target price hoisted by investment analysts at CIBC from C$222.00 to C$230.00 in a research report issued on Friday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 17.08% from the company’s previous close.

Several other analysts have also issued reports on the stock. Scotiabank increased their price target on shares of Bombardier, Inc. Class B from C$150.00 to C$190.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. upped their target price on Bombardier, Inc. Class B from C$135.00 to C$170.00 in a research note on Friday, August 8th. Desjardins lifted their price target on Bombardier, Inc. Class B from C$186.00 to C$236.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada boosted their price target on Bombardier, Inc. Class B from C$202.00 to C$230.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Finally, TD Securities raised their price objective on Bombardier, Inc. Class B from C$173.00 to C$180.00 and gave the company a “hold” rating in a research note on Friday, August 1st. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$208.80.

Bombardier, Inc. Class B Trading Down 0.5%

Bombardier, Inc. Class B stock traded down C$0.98 during trading hours on Friday, reaching C$196.44. 482,375 shares of the stock were exchanged, compared to its average volume of 538,211. Bombardier, Inc. Class B has a twelve month low of C$71.79 and a twelve month high of C$204.50. The company has a market cap of C$19.49 billion, a P/E ratio of 45.16, a price-to-earnings-growth ratio of 6.26 and a beta of 1.41. The stock has a 50 day moving average of C$184.41 and a two-hundred day moving average of C$146.18.

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.