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

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective dropped by stock analysts at CIBC from C$127.00 to C$126.00 in a report released on Thursday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 48.15% from the stock’s current price.

Other analysts have also issued reports about the company. UBS Group boosted their target price on Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research note on Wednesday, January 15th. National Bank Financial boosted their price objective on Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. TD Securities cut their target price on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research report on Friday, November 8th. BMO Capital Markets lifted their target price on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research note on Tuesday, January 7th. Finally, Scotiabank cut shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target on the stock. in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Bombardier, Inc. Class B presently has a consensus rating of “Moderate Buy” and a consensus target price of C$117.17.

Bombardier, Inc. Class B Trading Down 2.5 %

TSE:BBD.B opened at C$85.05 on Thursday. The firm’s 50 day moving average is C$96.22 and its 200 day moving average is C$95.43. Bombardier, Inc. Class B has a 12 month low of C$44.29 and a 12 month high of C$113.60. The stock has a market capitalization of C$7.36 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Activity

In related news, Senior Officer Barton Wade Demosky sold 5,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was 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 Bombardier, Inc. Class B stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total value of C$1,990,650.43. Corporate 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.