CIBC Lowers Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$126.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective decreased by equities research analysts at CIBC from C$127.00 to C$126.00 in a research note issued to investors on Thursday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 38.93% from the stock’s current price.

A number of other brokerages have also weighed in on BBD.B. National Bank Financial boosted their price objective on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Scotiabank lowered shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price on the stock. in a report on Friday, November 1st. National Bankshares raised their price objective on shares of Bombardier, Inc. Class B from C$130.00 to C$134.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. UBS Group lifted their target price on shares of Bombardier, Inc. Class B from C$70.00 to C$76.00 in a report on Wednesday, January 15th. Finally, Royal Bank of Canada cut their price objective on shares of Bombardier, Inc. Class B from C$133.00 to C$130.00 in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$117.17.

Bombardier, Inc. Class B Price Performance

TSE BBD.B traded up C$3.11 on Thursday, hitting C$90.69. The stock had a trading volume of 207,341 shares, compared to its average volume of 443,148. The business’s fifty day moving average price is C$96.54 and its 200 day moving average price is C$95.45. Bombardier, Inc. Class B has a 52-week low of C$44.29 and a 52-week high of C$113.60. The stock has a market cap of C$7.85 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Buying and Selling at Bombardier, Inc. Class B

In related news, Senior Officer Daniel Brennan sold 19,676 shares of Bombardier, Inc. Class B stock in a transaction 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 the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total value of C$521,650.00. 1.66% of the stock is owned by company insiders.

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.