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

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective cut by analysts at CIBC from C$132.00 to C$127.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 31.58% from the company’s previous close.

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

Bombardier, Inc. Class B Trading Up 0.4 %

BBD.B opened at C$96.52 on Monday. Bombardier, Inc. Class B has a 12 month low of C$44.29 and a 12 month high of C$113.60. The company has a market cap of C$8.35 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The company has a 50 day moving average of C$101.90 and a 200 day moving average of C$94.46.

Insider Buying and Selling

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B stock in a transaction dated 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 stock in a transaction dated 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.