Bombardier, Inc. Class B (TSE:BBD.B) Downgraded to Neutral Rating by CIBC

CIBC downgraded shares of Bombardier, Inc. Class B (TSE:BBD.B) from an outperform rating to a neutral rating in a report issued on Wednesday,BayStreet.CA reports. They currently have C$290.00 price target on the stock, up from their prior price target of C$230.00.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets raised their target price on shares of Bombardier, Inc. Class B from C$225.00 to C$240.00 in a research note on Monday, November 10th. Raymond James Financial raised their price objective on Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. JPMorgan Chase & Co. lifted their target price on Bombardier, Inc. Class B from C$170.00 to C$215.00 in a report on Wednesday, November 19th. Scotiabank boosted their target price on Bombardier, Inc. Class B from C$190.00 to C$230.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, Royal Bank Of Canada increased their price target on Bombardier, Inc. Class B from C$263.00 to C$287.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$256.27.

Bombardier, Inc. Class B Price Performance

Shares of BBD.B opened at C$267.91 on Wednesday. The firm has a market cap of C$26.57 billion, a P/E ratio of 72.60, a price-to-earnings-growth ratio of 6.26 and a beta of 1.64. Bombardier, Inc. Class B has a 1 year low of C$71.79 and a 1 year high of C$276.18. The company has a 50 day simple moving average of C$233.68 and a two-hundred day simple moving average of C$196.36.

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.