Bombardier, Inc. Class B (TSE:BBD.B) Given New C$116.00 Price Target at CIBC

Bombardier, Inc. Class B (TSE:BBD.B) had its price target boosted by CIBC from C$102.00 to C$116.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. CIBC’s price target suggests a potential upside of 26.58% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. Scotiabank upped their price target on shares of Bombardier, Inc. Class B from C$100.00 to C$120.00 in a research note on Thursday, July 18th. JPMorgan Chase & Co. upped their price target on shares of Bombardier, Inc. Class B from C$75.00 to C$91.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. National Bankshares upped their price target on shares of Bombardier, Inc. Class B from C$92.00 to C$114.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. TD Securities upped their price target on shares of Bombardier, Inc. Class B from C$105.00 to C$127.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Finally, UBS Group upped their price target on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$112.00.

Bombardier, Inc. Class B Trading Up 1.6 %

TSE:BBD.B traded up C$1.42 during trading hours on Friday, hitting C$91.64. 278,028 shares of the stock traded hands, compared to its average volume of 473,814. The firm has a 50 day moving average price of C$89.38 and a 200 day moving average price of C$67.95. Bombardier, Inc. Class B has a fifty-two week low of C$39.87 and a fifty-two week high of C$100.00. The firm has a market cap of C$7.82 billion, a price-to-earnings ratio of 24.39, a PEG ratio of -0.13 and a beta of 2.99.

Insider Buying and Selling

In other Bombardier, Inc. Class B news, Senior Officer Eve Laurier sold 7,871 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$87.33, for a total transaction of C$687,377.58. In other Bombardier, Inc. Class B news, Senior Officer Daniel Brennan sold 48,010 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of C$89.02, for a total transaction of C$4,273,941.42. Also, Senior Officer Eve Laurier sold 7,871 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$87.33, for a total transaction of C$687,377.58. Over the last three months, insiders sold 83,919 shares of company stock worth $6,923,979. 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.