Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$67.00 at CIBC

Bombardier, Inc. Class B (TSE:BBD.B) had its price target hoisted by equities research analysts at CIBC from C$61.00 to C$67.00 in a report released on Friday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price objective indicates a potential upside of 5.25% from the company’s previous close.

Several other research firms have also weighed in on BBD.B. UBS Group lifted their price objective on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. National Bankshares reduced their price objective on shares of Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an “outperform” rating on the stock in a research note on Friday. TD Securities lifted their price objective on shares of Bombardier, Inc. Class B from C$102.00 to C$104.00 and gave the stock a “buy” rating in a research note on Friday. Desjardins reduced their price objective on shares of Bombardier, Inc. Class B from C$104.00 to C$103.00 in a research note on Wednesday, January 10th. Finally, Scotiabank reduced their price objective on shares of Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$82.00.

Bombardier, Inc. Class B Price Performance

Shares of TSE BBD.B traded up C$1.92 during mid-day trading on Friday, hitting C$63.66. The company’s stock had a trading volume of 433,979 shares, compared to its average volume of 435,897. The stock has a market cap of C$5.43 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a one year low of C$39.87 and a one year high of C$68.79. The company’s fifty day simple moving average is C$54.96 and its 200-day simple moving average is C$51.54.

Insider Buying and Selling

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total transaction of C$767,039.00. 1.66% of the stock is owned by corporate 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.