Bombardier, Inc. Class B (TSE:BBD.B) Given New C$127.00 Price Target at CIBC

Bombardier, Inc. Class B (TSE:BBD.B) had its price target trimmed by CIBC from C$132.00 to C$127.00 in a report released on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on BBD.B. National Bankshares lifted their target price on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research note on Friday, November 8th. TD Securities reduced their price objective on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research report on Friday, November 8th. Scotiabank lowered 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 research report on Friday, November 1st. Finally, National Bank Financial lifted their price target on Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$114.00.

Bombardier, Inc. Class B Stock Performance

Bombardier, Inc. Class B stock opened at C$96.17 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 capitalization of C$8.32 billion, a price-to-earnings ratio of 24.91, a P/E/G ratio of 6.26 and a beta of 2.98. The company has a 50 day moving average price of C$102.08 and a 200 day moving average price of C$94.34.

Insider Activity

In related news, Senior Officer Barton Wade Demosky sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total transaction of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$101.17, for a total value of C$1,990,650.43. 1.66% of the stock is owned by company 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.