Bombardier, Inc. Class B (TSE:BBD.B – Get Rating) had its price target upped by CIBC from C$36.00 to C$37.00 in a research note issued to investors on Friday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.
A number of other equities analysts have also recently commented on BBD.B. Vertical Research raised shares of Bombardier, Inc. Class B from a hold rating to a buy rating and set a C$55.00 price objective for the company in a research note on Friday, May 6th. National Bankshares lifted their price objective on shares of Bombardier, Inc. Class B from C$46.00 to C$53.00 and gave the stock an outperform rating in a research note on Thursday. TD Securities lifted their price objective on shares of Bombardier, Inc. Class B from C$60.00 to C$68.00 and gave the stock a speculative buy rating in a research note on Friday. UBS Group raised shares of Bombardier, Inc. Class B to a buy rating and set a C$50.00 price objective for the company in a research note on Wednesday, May 18th. Finally, Royal Bank of Canada lifted their price objective on shares of Bombardier, Inc. Class B from C$32.00 to C$41.00 and gave the stock an outperform rating in a research note on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of C$57.57.
Bombardier, Inc. Class B Stock Performance
BBD.B opened at C$28.27 on Friday. Bombardier, Inc. Class B has a fifty-two week low of C$18.30 and a fifty-two week high of C$57.00. The stock has a market capitalization of C$2.76 billion and a price-to-earnings ratio of -6.38. The company has a fifty day moving average of C$36.33 and a 200 day moving average of C$36.11.
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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