Bombardier, Inc. Class B (TSE:BBD.B) Price Target Lowered to C$110.00 at CIBC

Bombardier, Inc. Class B (TSE:BBD.B) had its target price lowered by CIBC from C$126.00 to C$110.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target would indicate a potential upside of 32.50% from the stock’s current price.

BBD.B has been the subject of several other research reports. BMO Capital Markets raised their price objective on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research note on Tuesday, January 7th. UBS Group raised their price objective on Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research note on Wednesday, January 15th. National Bankshares boosted their price target on Bombardier, Inc. Class B from C$130.00 to C$134.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. TD Securities cut their price target on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Finally, Citigroup reduced their price target on Bombardier, Inc. Class B from C$113.00 to C$107.00 in a research report on Monday. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$112.33.

Bombardier, Inc. Class B Stock Up 4.0 %

Bombardier, Inc. Class B stock traded up C$3.16 during trading on Friday, reaching C$83.02. The stock had a trading volume of 564,139 shares, compared to its average volume of 604,463. The stock has a market cap of C$7.18 billion, a PE ratio of 21.51, a P/E/G ratio of 6.26 and a beta of 2.98. The business has a 50 day moving average price of C$94.74 and a 200 day moving average price of C$95.31. Bombardier, Inc. Class B has a 52-week low of C$44.29 and a 52-week high of C$113.60.

Insider Buying and Selling

In related news, Senior Officer Barton Wade Demosky sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total value of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the firm’s stock in a transaction dated 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. 1.66% of the stock is currently 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.