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

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective cut by CIBC from C$127.00 to C$126.00 in a report published on Monday,BayStreet.CA reports.

A number of other research analysts have also commented on the company. National Bank Financial increased their price objective on Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. TD Securities dropped their price objective on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Royal Bank of Canada reduced their target price on shares of Bombardier, Inc. Class B from C$133.00 to C$130.00 in a research note on Wednesday, January 15th. BMO Capital Markets boosted their price target 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 objective on the stock. in a research note on Friday, November 1st. Two 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of C$117.17.

Bombardier, Inc. Class B Trading Up 7.2 %

TSE:BBD.B opened at C$94.57 on Monday. The stock has a market capitalization of C$8.18 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 1 year low of C$44.29 and a 1 year high of C$113.60. The firm has a 50 day moving average of C$97.54 and a 200-day moving average of C$95.34.

Insider Activity at Bombardier, Inc. Class B

In related news, Senior Officer Daniel Brennan sold 19,676 shares of the 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. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of the business’s 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 value of C$521,650.00. 1.66% of the stock is owned by insiders.

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.