Bombardier, Inc. Class B (TSE:BBD.B) Given New C$126.00 Price Target at CIBC

Bombardier, Inc. Class B (TSE:BBD.B) had its target price trimmed by CIBC from C$127.00 to C$126.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Several other research firms also recently weighed in on BBD.B. National Bank Financial raised their price objective on Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Scotiabank downgraded Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price objective for the company. in a research note on Friday, November 1st. Royal Bank of Canada cut their target price on shares of Bombardier, Inc. Class B from C$133.00 to C$130.00 in a research report on Wednesday, January 15th. TD Securities reduced their target price on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Finally, UBS Group raised their price target on shares of Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research note 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, the stock currently has an average rating of “Moderate Buy” and an average target price of C$117.17.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B opened at C$94.57 on Monday. Bombardier, Inc. Class B has a 52-week low of C$44.29 and a 52-week high of C$113.60. The firm has a market cap of C$8.18 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 6.26 and a beta of 2.98. The business’s fifty day moving average is C$97.54 and its 200-day moving average is C$95.34.

Insider Transactions at Bombardier, Inc. Class B

In related news, Senior Officer Barton Wade Demosky sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were 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 business’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.