CIBC Downgrades Bombardier, Inc. Class B (TSE:BBD.B) to Neutral

Bombardier, Inc. Class B (TSE:BBD.B) was downgraded by equities researchers at CIBC from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. They presently have a C$290.00 price objective on the stock, up from their prior price objective of C$230.00. CIBC’s target price indicates a potential upside of 8.72% from the stock’s current price.

A number of other research analysts also recently commented on the stock. BMO Capital Markets increased their target price on shares of Bombardier, Inc. Class B from C$225.00 to C$240.00 in a research report on Monday, November 10th. Desjardins upped their price objective on shares of Bombardier, Inc. Class B from C$239.00 to C$260.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Raymond James Financial raised their price objective on Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. JPMorgan Chase & Co. boosted their target price on Bombardier, Inc. Class B from C$170.00 to C$215.00 in a report on Wednesday, November 19th. Finally, Royal Bank Of Canada upped their target price on Bombardier, Inc. Class B from C$263.00 to C$287.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$256.27.

Bombardier, Inc. Class B Stock Down 0.4%

Shares of Bombardier, Inc. Class B stock opened at C$266.73 on Wednesday. Bombardier, Inc. Class B has a 52 week low of C$71.79 and a 52 week high of C$276.18. The firm’s 50 day moving average is C$234.91 and its two-hundred day moving average is C$196.85. The firm has a market capitalization of C$26.46 billion, a P/E ratio of 72.28, a P/E/G ratio of 6.26 and a beta of 1.64.

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.