CIBC Lowers Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$126.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective decreased by CIBC from C$127.00 to C$126.00 in a report issued on Monday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 33.26% from the company’s previous close.

Several other analysts have also commented on the company. TD Securities dropped their target price on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. National Bankshares lifted their price objective on shares of Bombardier, Inc. Class B from C$130.00 to C$134.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank of Canada lowered their target price on shares of Bombardier, Inc. Class B from C$133.00 to C$130.00 in a research note on Wednesday, January 15th. National Bank Financial raised their price objective on Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Finally, BMO Capital Markets upped their target price on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$117.17.

Bombardier, Inc. Class B Trading Up 7.2 %

Shares of BBD.B stock traded up C$6.31 during trading hours on Monday, hitting C$94.55. The company’s stock had a trading volume of 568,738 shares, compared to its average volume of 445,457. The stock has a market cap of C$8.18 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. 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 50 day moving average of C$97.68 and a 200 day moving average of C$95.35.

Insiders Place Their Bets

In related news, Senior Officer Daniel Brennan sold 19,676 shares of the 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. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B stock in a transaction 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. Corporate 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.