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

Bombardier, Inc. Class B (TSE:BBD.B) had its target price cut by analysts at CIBC from C$127.00 to C$126.00 in a report released on Thursday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 38.93% from the company’s previous close.

Several other research analysts have also weighed in on BBD.B. Royal Bank of Canada reduced their target price on Bombardier, Inc. Class B from C$133.00 to C$130.00 in a report on Wednesday, January 15th. UBS Group lifted their price target on Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research note on Wednesday, January 15th. National Bankshares lifted 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 research note on Thursday, January 16th. Scotiabank downgraded Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price on the stock. in a research report on Friday, November 1st. Finally, TD Securities lowered their target price on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$117.17.

Bombardier, Inc. Class B Stock Performance

BBD.B stock traded up C$3.11 during midday trading on Thursday, hitting C$90.69. 207,341 shares of the company’s stock were exchanged, compared to its average volume of 443,148. The stock’s fifty day moving average price is C$96.54 and its 200-day moving average price is C$95.45. The company has a market cap of C$7.85 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a one year low of C$44.29 and a one year high of C$113.60.

Insiders Place Their Bets

In other news, Senior Officer Daniel Brennan sold 19,676 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total transaction of C$521,650.00. Company 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.