Bombardier, Inc. Class B (TSE:BBD.B) Given New C$230.00 Price Target at CIBC

Bombardier, Inc. Class B (TSE:BBD.B) had its target price hoisted by CIBC from C$222.00 to C$230.00 in a research note released on Friday morning,BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. TD Securities lifted their price target on shares of Bombardier, Inc. Class B from C$173.00 to C$180.00 and gave the company a “hold” rating in a research note on Friday, August 1st. Citigroup raised their target price on Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the company a “buy” rating in a research note on Monday, July 21st. UBS Group boosted their target price on Bombardier, Inc. Class B from C$128.00 to C$173.00 in a research report on Friday, August 1st. BMO Capital Markets upped their price target on Bombardier, Inc. Class B from C$185.00 to C$190.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Finally, National Bankshares raised their price objective on Bombardier, Inc. Class B from C$179.00 to C$216.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$208.80.

Bombardier, Inc. Class B Price Performance

Shares of TSE:BBD.B traded down C$0.98 during mid-day trading on Friday, hitting C$196.44. The company had a trading volume of 482,375 shares, compared to its average volume of 538,211. Bombardier, Inc. Class B has a one year low of C$71.79 and a one year high of C$204.50. The firm has a fifty day moving average price of C$185.13 and a 200 day moving average price of C$146.97. The company has a market capitalization of C$19.48 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 6.26 and a beta of 1.41.

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.