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

Bombardier, Inc. Class B (TSE:BBD.B) had its target price trimmed by CIBC from C$127.00 to C$126.00 in a research note published on Monday morning,BayStreet.CA reports.

Several other equities research analysts have also issued reports on BBD.B. Scotiabank lowered Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price objective for the company. in a research note on Friday, November 1st. Royal Bank of Canada reduced their price objective on Bombardier, Inc. Class B from C$133.00 to C$130.00 in a report on Wednesday, January 15th. UBS Group increased their target price on Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research report on Wednesday, January 15th. National Bank Financial increased their target price on Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Finally, National Bankshares raised their price objective on Bombardier, Inc. Class B from C$130.00 to C$134.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$117.17.

Bombardier, Inc. Class B Stock Up 1.2 %

TSE BBD.B opened at C$90.58 on Monday. The business has a 50-day moving average price of C$97.06 and a 200-day moving average price of C$95.39. Bombardier, Inc. Class B has a twelve month low of C$44.29 and a twelve month high of C$113.60. The firm has a market cap of C$7.84 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Transactions at Bombardier, Inc. Class B

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