CIBC Cuts Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$106.00

Bombardier, Inc. Class B (TSE:BBD.B) had its target price decreased by research analysts at CIBC from C$110.00 to C$106.00 in a report issued on Monday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 27.93% from the stock’s previous close.

BBD.B has been the topic of a number of other research reports. JPMorgan Chase & Co. decreased their price objective on shares of Bombardier, Inc. Class B from C$110.00 to C$100.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada cut their price objective on Bombardier, Inc. Class B from C$116.00 to C$101.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 16th. BMO Capital Markets upped their target price on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a report on Tuesday, January 7th. UBS Group upgraded shares of Bombardier, Inc. Class B from a “sell” rating to a “neutral” rating and lifted their price target for the company from C$77.00 to C$95.00 in a report on Monday, February 24th. Finally, Desjardins dropped their target price on shares of Bombardier, Inc. Class B from C$145.00 to C$142.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Bombardier, Inc. Class B presently has a consensus rating of “Moderate Buy” and an average target price of C$113.42.

Bombardier, Inc. Class B Trading Down 1.0 %

Shares of TSE:BBD.B traded down C$0.81 during trading on Monday, reaching C$82.86. 127,319 shares of the company traded hands, compared to its average volume of 615,436. Bombardier, Inc. Class B has a 52-week low of C$54.04 and a 52-week high of C$113.60. The business’s fifty day moving average is C$83.43 and its 200-day moving average is C$92.80. The firm has a market capitalization of C$7.17 billion, a price-to-earnings ratio of 21.47, a P/E/G ratio of 6.26 and a beta of 2.98.

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.