Bombardier, Inc. Class B (TSE:BBD.B) Given New C$116.00 Price Target at CIBC

Bombardier, Inc. Class B (TSE:BBD.B) had its price target lifted by stock analysts at CIBC from C$102.00 to C$116.00 in a research note issued to investors on Friday, BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 26.58% from the company’s current price.

BBD.B has been the topic of several other research reports. UBS Group lifted their price target on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. Desjardins lifted their target price on Bombardier, Inc. Class B from C$102.00 to C$143.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Citigroup upped their price target on Bombardier, Inc. Class B from C$83.00 to C$103.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. TD Securities lifted their price objective on shares of Bombardier, Inc. Class B from C$105.00 to C$127.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Finally, BMO Capital Markets increased their target price on shares of Bombardier, Inc. Class B from C$95.00 to C$129.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$112.00.

Bombardier, Inc. Class B Price Performance

BBD.B traded up C$1.42 during mid-day trading on Friday, hitting C$91.64. The stock had a trading volume of 278,028 shares, compared to its average volume of 473,814. The stock’s fifty day simple moving average is C$89.38 and its 200-day simple moving average is C$67.95. The firm has a market capitalization of C$7.82 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of -0.13 and a beta of 2.99. Bombardier, Inc. Class B has a 1-year low of C$39.87 and a 1-year high of C$100.00.

Insider Buying and Selling

In other news, Senior Officer Eve Laurier sold 7,871 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of C$87.33, for a total value of C$687,377.58. In other news, Senior Officer Eve Laurier sold 7,871 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of C$87.33, for a total value of C$687,377.58. Also, Senior Officer Daniel Brennan sold 48,010 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of C$89.02, for a total transaction of C$4,273,941.42. Over the last three months, insiders have sold 83,919 shares of company stock valued at $6,923,979. 1.66% of the stock is 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.