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

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective dropped by analysts at Canadian Imperial Bank of Commerce from C$290.00 to C$288.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price suggests a potential upside of 18.74% from the company’s current price.

A number of other brokerages also recently weighed in on BBD.B. Desjardins set a C$260.00 price target on shares of Bombardier, Inc. Class B and gave the stock a “buy” rating in a report on Friday, January 30th. Scotiabank cut Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$230.00 to C$295.00 in a research note on Wednesday, January 21st. Royal Bank Of Canada lifted 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. National Bank Financial boosted their price target on Bombardier, Inc. Class B from C$234.00 to C$263.00 in a report on Tuesday, December 2nd. Finally, TD Securities dropped their price objective on Bombardier, Inc. Class B from C$278.00 to C$276.00 and set a “hold” rating for the company in a research report on Tuesday, February 3rd. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Bombardier, Inc. Class B has an average rating of “Hold” and an average target price of C$256.50.

Bombardier, Inc. Class B Stock Down 0.5%

BBD.B stock opened at C$242.54 on Friday. Bombardier, Inc. Class B has a 52 week low of C$71.79 and a 52 week high of C$276.18. The business has a 50-day simple moving average of C$241.89 and a 200 day simple moving average of C$206.59. The company has a market cap of C$24.06 billion, a PE ratio of 65.73, a price-to-earnings-growth ratio of 6.26 and a beta of 1.42.

About Bombardier, Inc. Class B

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