Bombardier, Inc. Class B (TSE:BBD.B) Given New C$131.00 Price Target at CIBC

Bombardier, Inc. Class B (TSE:BBD.B) had its price target cut by CIBC from C$134.00 to C$131.00 in a research note published on Friday,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. Barclays lifted their price objective on shares of Bombardier, Inc. Class B from C$70.00 to C$90.00 in a report on Tuesday, July 30th. Scotiabank lowered 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 report on Friday, November 1st. National Bankshares raised their price objective on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a report on Friday. Finally, National Bank Financial upped their target price on Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Bombardier, Inc. Class B currently has an average rating of “Moderate Buy” and a consensus target price of C$114.33.

Bombardier, Inc. Class B Stock Up 1.4 %

BBD.B stock opened at C$99.34 on Friday. Bombardier, Inc. Class B has a twelve month low of C$44.29 and a twelve month high of C$113.60. The firm has a market cap of C$8.59 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 6.26 and a beta of 2.98. The business’s fifty day simple moving average is C$99.30 and its two-hundred day simple moving average is C$88.61.

Insider Buying and Selling at Bombardier, Inc. Class B

In other news, Senior Officer Eve Laurier sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of C$91.57, for a total transaction of C$366,280.00. In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 6,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$89.00, for a total value of C$534,000.00. Also, Senior Officer Eve Laurier sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of C$91.57, for a total value of C$366,280.00. 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.