Bombardier, Inc. Class B (TSE:BBD.B) Price Target Increased to C$67.00 by Analysts at CIBC

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective hoisted by CIBC from C$61.00 to C$67.00 in a report issued on Friday morning, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

Other analysts have also recently issued reports about the stock. Scotiabank lowered their price target 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. Desjardins lowered their target price on shares of Bombardier, Inc. Class B from C$104.00 to C$103.00 in a research note on Wednesday, January 10th. Royal Bank of Canada set a C$95.00 target price on shares of Bombardier, Inc. Class B and gave the stock an outperform rating in a research note on Thursday, April 4th. TD Securities lifted their target price on shares of Bombardier, Inc. Class B from C$102.00 to C$104.00 and gave the stock a buy rating in a research note on Friday. Finally, UBS Group lifted their target price on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Bombardier, Inc. Class B has a consensus rating of Moderate Buy and an average target price of C$82.00.

Bombardier, Inc. Class B Stock Performance

TSE:BBD.B opened at C$63.79 on Friday. Bombardier, Inc. Class B has a fifty-two week low of C$39.87 and a fifty-two week high of C$68.79. The stock has a market capitalization of C$5.44 billion, a P/E ratio of 9.98, a P/E/G ratio of -0.13 and a beta of 2.96. The company’s 50-day simple moving average is C$55.20 and its 200-day simple moving average is C$51.61.

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 Bombardier, Inc. Class B stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total transaction of C$767,039.00. Company 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.