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

Bombardier, Inc. Class B (TSE:BBD.B) had its target price lowered by stock analysts at CIBC from C$127.00 to C$126.00 in a research note issued on Thursday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 48.15% from the company’s previous close.

Several other analysts also recently weighed in on the company. Scotiabank downgraded 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. BMO Capital Markets upped their price target on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a report on Tuesday, January 7th. UBS Group increased their price target on shares of Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research report on Wednesday, January 15th. National Bank Financial boosted their price objective on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Finally, National Bankshares increased their target price on shares of Bombardier, Inc. Class B from C$130.00 to C$134.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$117.17.

Bombardier, Inc. Class B Trading Down 2.5 %

BBD.B opened at C$85.05 on Thursday. Bombardier, Inc. Class B has a 12 month low of C$44.29 and a 12 month high of C$113.60. The business’s 50-day moving average price is C$96.22 and its 200-day moving average price is C$95.43. The company has a market cap of C$7.36 billion, a P/E ratio of 22.03, a P/E/G ratio of 6.26 and a beta of 2.98.

Insider Buying and Selling

In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were 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 stock was sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. 1.66% of the stock is owned by 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.