CIBC Issues Pessimistic Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its target price dropped by investment analysts at CIBC from C$134.00 to C$131.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 33.74% from the company’s previous close.

BBD.B has been the topic of a number of other research reports. Scotiabank cut 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 lifted their price objective on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research note on Friday. Barclays increased their target price on shares of Bombardier, Inc. Class B from C$70.00 to C$90.00 in a research report on Tuesday, July 30th. Finally, National Bank Financial lifted their price target on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Bombardier, Inc. Class B has an average rating of “Moderate Buy” and an average target price of C$114.33.

Bombardier, Inc. Class B Stock Down 1.0 %

Shares of BBD.B opened at C$97.95 on Friday. Bombardier, Inc. Class B has a fifty-two week low of C$44.29 and a fifty-two week high of C$113.60. The company’s fifty day moving average is C$99.09 and its two-hundred day moving average is C$88.33. The firm has a market cap of C$8.47 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Activity

In other news, Senior Officer Barton Wade Demosky sold 6,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total value of C$534,000.00. In other Bombardier, Inc. Class B news, Senior Officer Eve Laurier sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of C$91.57, for a total transaction of C$366,280.00. Also, Senior Officer Barton Wade Demosky sold 6,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$89.00, for a total value of C$534,000.00. Insiders own 1.66% of the company’s stock.

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.