CIBC Cuts Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$127.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target decreased by equities research analysts at CIBC from C$132.00 to C$127.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target points to a potential upside of 32.03% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. TD Securities dropped their target price on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. National Bankshares upped their price objective on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research note on Friday, November 8th. Scotiabank cut Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price for the company. in a research report on Friday, November 1st. Finally, National Bank Financial boosted their price target on Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Bombardier, Inc. Class B presently has an average rating of “Moderate Buy” and an average price target of C$114.00.

Bombardier, Inc. Class B Stock Down 0.5 %

TSE:BBD.B traded down C$0.44 during trading hours on Monday, hitting C$96.19. 104,737 shares of the stock traded hands, compared to its average volume of 439,357. The stock has a 50 day moving average price of C$102.24 and a 200 day moving average price of C$94.33. The company has a market cap of C$8.32 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 1 year low of C$44.29 and a 1 year high of C$113.60.

Insider Transactions at Bombardier, Inc. Class B

In other news, Senior Officer Daniel Brennan sold 19,676 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total value of C$1,990,650.43. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total value of C$521,650.00. Insiders own 1.66% of the company’s stock.

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.