Bombardier, Inc. Class B (TSE:BBD.B) Price Target Increased to C$61.00 by Analysts at CIBC

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective lifted by CIBC from C$60.00 to C$61.00 in a report released on Friday morning, BayStreet.CA reports. They currently have a neutral rating on the stock.

Other analysts also recently issued research reports about the stock. Desjardins reduced their price objective on shares of Bombardier, Inc. Class B from C$104.00 to C$103.00 in a research report on Wednesday, January 10th. National Bankshares cut their target price on shares of Bombardier, Inc. Class B from C$94.00 to C$93.00 and set an outperform rating on the stock in a report on Tuesday, January 9th. UBS Group lifted their target price on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. Scotiabank cut their target price on shares of Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an outperform rating on the stock in a report on Wednesday, April 10th. Finally, Royal Bank of Canada set a C$95.00 target price on shares of Bombardier, Inc. Class B and gave the company an outperform rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of C$81.13.

Bombardier, Inc. Class B Trading Down 2.8 %

Shares of TSE:BBD.B opened at C$56.95 on Friday. The company has a market capitalization of C$4.86 billion, a PE ratio of 8.91, a P/E/G ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a twelve month low of C$39.87 and a twelve month high of C$71.11. The firm has a 50 day simple moving average of C$53.83 and a 200-day simple moving average of C$50.99.

Insider Buying and Selling at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total value of C$767,039.00. 1.66% of the stock is currently owned by corporate 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.