CIBC Cuts Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$127.00

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

Other analysts have also recently issued research reports about the company. National Bankshares boosted their target price on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a report on Friday, November 8th. National Bank Financial increased their price objective on shares of Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. 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, 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 for the company. in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$114.00.

Bombardier, Inc. Class B Stock Up 0.4 %

Shares of TSE:BBD.B opened at C$96.52 on Monday. The company has a market cap of C$8.35 billion, a P/E ratio of 25.01, a P/E/G ratio of 6.26 and a beta of 2.98. The business has a fifty day simple moving average of C$101.67 and a 200-day simple moving average of C$94.58. Bombardier, Inc. Class B has a 52 week low of C$44.29 and a 52 week high of C$113.60.

Insider Buying and Selling

In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of the 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 company’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 value of C$1,990,650.43. Corporate 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.