Canadian Imperial Bank of Commerce Cuts Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$288.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective trimmed by Canadian Imperial Bank of Commerce from C$290.00 to C$288.00 in a report issued on Friday,BayStreet.CA reports.

Several other equities analysts also recently weighed in on BBD.B. TD Securities decreased their target price on Bombardier, Inc. Class B from C$278.00 to C$276.00 and set a “hold” rating on the stock in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. upped their price target on Bombardier, Inc. Class B from C$170.00 to C$215.00 in a research report on Wednesday, November 19th. BMO Capital Markets lifted their price objective on Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. The Goldman Sachs Group lowered Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and boosted their price objective for the stock from C$184.00 to C$191.00 in a research note on Monday, January 26th. Finally, Raymond James Financial upped their target price on Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Bombardier, Inc. Class B presently has a consensus rating of “Hold” and a consensus price target of C$256.50.

Bombardier, Inc. Class B Price Performance

TSE BBD.B opened at C$242.54 on Friday. The company has a market capitalization of C$24.01 billion, a PE ratio of 27.10, a P/E/G ratio of 6.26 and a beta of 1.42. The company has a fifty day moving average of C$241.89 and a 200 day moving average of C$206.90. Bombardier, Inc. Class B has a 1 year low of C$71.79 and a 1 year high of C$276.18.

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.