CIBC Increases Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$67.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective boosted by CIBC from C$61.00 to C$67.00 in a research note published on Friday morning, BayStreet.CA reports. They currently have a neutral rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Desjardins reduced their price target on shares of Bombardier, Inc. Class B from C$104.00 to C$103.00 in a research report on Wednesday, January 10th. Royal Bank of Canada set a C$95.00 price target on shares of Bombardier, Inc. Class B and gave the company an outperform rating in a research report on Thursday, April 4th. TD Securities boosted their price target on shares of Bombardier, Inc. Class B from C$102.00 to C$104.00 and gave the company a buy rating in a research report on Friday. Scotiabank reduced their price target on shares of Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an outperform rating for the company in a research report on Wednesday, April 10th. Finally, UBS Group boosted their price target on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. One investment 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 currently has a consensus rating of Moderate Buy and an average price target of C$82.00.

Bombardier, Inc. Class B Trading Up 3.3 %

Bombardier, Inc. Class B stock opened at C$63.79 on Friday. The stock has a market cap of C$5.44 billion, a P/E ratio of 9.98, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96. The company has a fifty day simple moving average of C$55.20 and a 200-day simple moving average of C$51.61. Bombardier, Inc. Class B has a 12-month low of C$39.87 and a 12-month high of C$68.79.

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 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 company 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.