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 decreased by CIBC from C$127.00 to C$126.00 in a research report report published on Thursday morning,BayStreet.CA reports.

Several other analysts have also recently weighed in on the stock. Royal Bank of Canada cut their price target on shares of Bombardier, Inc. Class B from C$133.00 to C$130.00 in a 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. National Bankshares boosted 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 research report on Thursday, January 16th. BMO Capital Markets boosted their price objective on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research report on Tuesday, January 7th. Finally, UBS Group boosted their price objective on shares of Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$117.17.

Bombardier, Inc. Class B Stock Performance

Shares of Bombardier, Inc. Class B stock opened at C$87.21 on Thursday. Bombardier, Inc. Class B has a 52-week low of C$44.29 and a 52-week high of C$113.60. The stock has a market capitalization of C$7.54 billion, a price-to-earnings ratio of 22.59, a P/E/G ratio of 6.26 and a beta of 2.98. The company’s 50 day moving average price is C$96.44 and its 200-day moving average price is C$95.45.

Insider Transactions at Bombardier, Inc. Class B

In related news, Senior Officer Barton Wade Demosky sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were 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 company’s 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. 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.