Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$295.00

Key Points

• Canadian Imperial Bank of Commerce raised its target on Bombardier Class B to C$295 (from C$288), implying a potential upside of about 2.68% from the current share price.
• Analyst views are mixed — six Buy, four Hold and one Sell — with an average rating of Hold and an average price target of C$278.08, which is below the stock's recent trading level.
• Shares traded at C$287.29, close to the 12‑month high of C$297.42, with a market capitalization of C$28.44 billion and a P/E ratio of 32.10.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its target price hoisted by stock analysts at Canadian Imperial Bank of Commerce from C$288.00 to C$295.00 in a report issued on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce's target price suggests a potential upside of 2.68% from the company's current price.

Several other analysts have also recently commented on BBD.B. The Goldman Sachs Group cut shares of Bombardier, Inc. Class B from a "neutral" rating to a "sell" rating and raised their price target for the stock from C$184.00 to C$191.00 in a report on Monday, January 26th. TD Securities raised their price target on shares of Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the stock a "hold" rating in a report on Friday, February 13th. Scotiabank cut shares of Bombardier, Inc. Class B from an "outperform" rating to a "sector perform" rating and lifted their target price for the company from C$230.00 to C$295.00 in a research note on Wednesday, January 21st. Royal Bank Of Canada lifted their target price on shares of Bombardier, Inc. Class B from C$287.00 to C$298.00 in a research note on Monday, April 13th. Finally, Desjardins lifted their target price on shares of Bombardier, Inc. Class B from C$260.00 to C$305.00 and gave the company a "buy" rating in a research note on Friday, February 13th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of C$278.08.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B stock traded down C$1.35 during trading on Friday, hitting C$287.29. 328,692 shares of the company were exchanged, compared to its average volume of 368,279. The firm has a market capitalization of C$28.44 billion, a price-to-earnings ratio of 32.10, a P/E/G ratio of 6.26 and a beta of 1.80. The business's 50-day simple moving average is C$254.31 and its 200 day simple moving average is C$237.17. Bombardier, Inc. Class B has a twelve month low of C$81.02 and a twelve month high of C$297.42.

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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