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

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective lifted by analysts at CIBC from C$106.00 to C$115.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price objective indicates a potential upside of 34.10% from the stock’s previous close.

Several other research firms also recently weighed in on BBD.B. JPMorgan Chase & Co. dropped their target price on shares of Bombardier, Inc. Class B from C$110.00 to C$100.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Desjardins cut their price target on shares of Bombardier, Inc. Class B from C$145.00 to C$142.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. UBS Group increased their target price on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research report on Friday. National Bankshares increased their target price on Bombardier, Inc. Class B from C$103.00 to C$107.00 and gave the company an “outperform” rating in a research note on Thursday, April 17th. Finally, Citigroup lowered their target price on Bombardier, Inc. Class B from C$113.00 to C$107.00 in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$113.67.

Bombardier, Inc. Class B Stock Up 3.9 %

BBD.B opened at C$85.76 on Friday. Bombardier, Inc. Class B has a 52 week low of C$69.90 and a 52 week high of C$113.60. The company has a market cap of C$7.42 billion, a PE ratio of 22.22, a P/E/G ratio of 6.26 and a beta of 2.98. The business has a 50 day moving average price of C$83.67 and a two-hundred day moving average price of C$92.04.

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.