Canadian Imperial Bank of Commerce Issues Positive Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective hoisted by equities research analysts at Canadian Imperial Bank of Commerce from C$288.00 to C$295.00 in a note issued to investors on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target would indicate a potential upside of 2.68% from the stock’s previous close.

Several other equities research analysts have also issued reports on BBD.B. BMO Capital Markets boosted their price target on shares of Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. The Goldman Sachs Group lowered shares of Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and boosted their price target for the company from C$184.00 to C$191.00 in a report on Monday, January 26th. Desjardins boosted their price target on shares of Bombardier, Inc. Class B from C$260.00 to C$305.00 and gave the company a “buy” rating in a report on Friday, February 13th. TD Securities boosted their price target on shares of Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the company a “hold” rating in a report on Friday, February 13th. Finally, Scotiabank lowered shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$230.00 to C$295.00 in a report on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Bombardier, Inc. Class B currently has an average rating of “Hold” and a consensus price target of C$278.08.

Bombardier, Inc. Class B Stock Down 0.5%

Bombardier, Inc. Class B stock traded down C$1.35 on Friday, hitting C$287.29. The company’s stock had a trading volume of 328,692 shares, compared to its average volume of 368,279. The firm has a market cap of C$28.44 billion, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 6.26 and a beta of 1.80. The company has a fifty day moving average price of C$254.31 and a 200-day moving average price of C$237.17. Bombardier, Inc. Class B has a one year low of C$81.02 and a one year high of C$297.42.

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.