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

Bombardier, Inc. Class B (TSE:BBD.B) had its price target boosted by research analysts at CIBC from C$61.00 to C$67.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price objective would indicate a potential upside of 5.03% from the company’s current price.

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

Bombardier, Inc. Class B Trading Up 3.3 %

BBD.B stock opened at C$63.79 on Friday. Bombardier, Inc. Class B has a twelve month low of C$39.87 and a twelve month high of C$68.79. The company has a market capitalization of C$5.44 billion, a P/E ratio of 9.98, a PEG ratio of -0.13 and a beta of 2.96. The firm has a 50 day simple moving average of C$55.42 and a 200-day simple moving average of C$51.70.

Insider Buying and Selling at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total value of C$767,039.00. 1.66% of the stock is currently owned by company insiders.

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.