Bombardier, Inc. Class B (TSE:BBD.B) Given New C$222.00 Price Target at CIBC

Key Points

• CIBC has raised its price target for Bombardier, Inc. Class B from C$181.00 to C$222.00, suggesting a potential upside of 15.52% based on the stock's previous close.
• BBD.B shares have seen multiple upgrades from other analysts, with Citigroup and National Bank also raising their targets significantly, indicating a general positive sentiment towards the stock.
• Bombardier, Inc. Class B's stock has performed well recently, trading up 1.2% to reach C$192.17, and maintains a market cap of C$19.06 billion.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its target price increased by stock analysts at CIBC from C$181.00 to C$222.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. CIBC's price target indicates a potential upside of 15.52% from the stock's previous close.

BBD.B has been the topic of several other research reports. Citigroup raised their price target 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. JPMorgan Chase & Co. raised their price target on Bombardier, Inc. Class B from C$135.00 to C$170.00 in a research note on Friday, August 8th. National Bankshares raised their price target 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. BMO Capital Markets lifted their target price on Bombardier, Inc. Class B from C$185.00 to C$190.00 and gave the company an "outperform" rating in a research note on Thursday, September 11th. Finally, Royal Bank Of Canada lifted their target price on Bombardier, Inc. Class B from C$175.00 to C$202.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$186.55.

Bombardier, Inc. Class B Trading Up 1.2%

Shares of Bombardier, Inc. Class B stock traded up C$2.20 during trading on Wednesday, hitting C$192.17. 255,569 shares of the stock traded hands, compared to its average volume of 561,629. The firm has a market cap of C$19.06 billion, a P/E ratio of 44.18, a price-to-earnings-growth ratio of 6.26 and a beta of 1.85. Bombardier, Inc. Class B has a 52-week low of C$71.79 and a 52-week high of C$204.50. The stock's fifty day simple moving average is C$171.43 and its 200 day simple moving average is C$129.06.

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.

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