Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$181.00 at CIBC

Bombardier, Inc. Class B (TSE:BBD.B) had its target price hoisted by CIBC from C$167.00 to C$181.00 in a report published on Monday morning,BayStreet.CA reports.

Several other research analysts have also recently weighed in on BBD.B. UBS Group boosted their price target on Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research note on Friday, May 2nd. Desjardins lifted their target price on shares of Bombardier, Inc. Class B from C$140.00 to C$175.00 and gave the company a “buy” rating in a report on Thursday, July 3rd. BMO Capital Markets raised their target price on shares of Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada boosted their price objective on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Bombardier, Inc. Class B from C$100.00 to C$135.00 in a report on Wednesday, July 16th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$146.67.

Bombardier, Inc. Class B Price Performance

Bombardier, Inc. Class B stock opened at C$165.70 on Monday. Bombardier, Inc. Class B has a 1-year low of C$71.79 and a 1-year high of C$169.68. The firm has a 50 day simple moving average of C$115.42 and a 200-day simple moving average of C$96.16. The stock has a market cap of C$14.33 billion, a price-to-earnings ratio of 42.93, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Activity

In other news, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of C$94.79, for a total transaction of C$2,085,358.00. Also, Senior Officer Eve Laurier sold 4,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of C$99.26, for a total value of C$397,032.40. In the last quarter, insiders sold 124,838 shares of company stock worth $12,420,520. 1.66% of the stock is owned by 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.