Bombardier, Inc. Class B (TSE:BBD.B) Lowered to Neutral Rating by CIBC

Bombardier, Inc. Class B (TSE:BBD.B) was downgraded by analysts 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 currently have a C$290.00 target price on the stock, up from their prior target price of C$230.00. CIBC’s target price would suggest a potential upside of 8.96% from the company’s previous close.

BBD.B has been the topic of a number of other research reports. Desjardins increased their price target on 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. National Bankshares increased their price target on shares of Bombardier, Inc. Class B from C$234.00 to C$263.00 in a research report on Tuesday, December 2nd. BMO Capital Markets boosted their price objective on shares of Bombardier, Inc. Class B from C$225.00 to C$240.00 in a report on Monday, November 10th. Raymond James Financial increased their target price on shares of 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. Finally, TD Securities boosted their price target on shares of Bombardier, Inc. Class B from C$203.00 to C$278.00 and gave the company a “hold” rating in a report on Monday. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$256.27.

Bombardier, Inc. Class B Trading Down 0.2%

Shares of TSE:BBD.B traded down C$0.57 during trading on Wednesday, hitting C$266.15. 306,719 shares of the company’s stock were exchanged, compared to its average volume of 350,418. The firm has a market cap of C$26.40 billion, a P/E ratio of 72.13, a PEG ratio of 6.26 and a beta of 1.64. The firm has a 50-day moving average price of C$232.66 and a two-hundred day moving average price of C$195.86. Bombardier, Inc. Class B has a 1-year low of C$71.79 and a 1-year high of C$276.18.

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.