CIBC Has Lowered Expectations for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its target price cut by CIBC from C$126.00 to C$110.00 in a report published on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued reports about the company. Royal Bank of Canada dropped their target price on Bombardier, Inc. Class B from C$130.00 to C$116.00 and set an “outperform” rating for the company in a report on Friday. National Bank Financial raised their price objective on shares of Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research 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. Citigroup cut their price target on shares of Bombardier, Inc. Class B from C$113.00 to C$107.00 in a report on Monday, February 3rd. Finally, UBS Group lifted their price target on shares of Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Bombardier, Inc. Class B has a consensus rating of “Moderate Buy” and a consensus price target of C$112.33.

Bombardier, Inc. Class B Price Performance

Shares of Bombardier, Inc. Class B stock opened at C$83.15 on Friday. The stock’s 50 day simple moving average is C$94.54 and its 200-day simple moving average is C$95.28. The stock has a market cap of C$7.19 billion, a P/E ratio of 21.54, a P/E/G 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.

Insiders Place Their Bets

In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B 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. Also, Senior Officer Daniel Brennan sold 19,676 shares of the company’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 transaction of C$1,990,650.43. 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.