Bombardier, Inc. Class B (TSE:BBD.B) Raised to “Outperform” at CIBC

CIBC upgraded shares of Bombardier, Inc. Class B (TSE:BBD.B) from a neutral rating to an outperform rating in a research report report published on Thursday morning, BayStreet.CA reports. They currently have C$91.00 target price on the stock, up from their prior target price of C$67.00.

BBD.B has been the subject of a number of other research reports. Desjardins lifted their target price on Bombardier, Inc. Class B from C$101.00 to C$102.00 and gave the stock a buy rating in a report on Thursday. TD Securities lifted their price objective on shares of Bombardier, Inc. Class B from C$104.00 to C$105.00 and gave the stock a buy rating in a research note on Thursday. UBS Group increased 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. National Bankshares dropped their price target on shares of Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an outperform rating for the company in a research note on Friday, April 26th. Finally, Royal Bank of Canada upped their price target on shares of Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the company an outperform rating in a report on Thursday. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat, Bombardier, Inc. Class B presently has a consensus rating of Moderate Buy and a consensus target price of C$87.56.

Bombardier, Inc. Class B Trading Up 2.0 %

BBD.B opened at C$71.21 on Thursday. The stock has a 50-day moving average of C$56.94 and a 200 day moving average of C$52.38. Bombardier, Inc. Class B has a 12 month low of C$39.87 and a 12 month high of C$71.49. The firm has a market cap of C$6.07 billion, a P/E ratio of 11.14, a P/E/G ratio of -0.13 and a beta of 2.96.

Insider Activity at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the company’s stock in a transaction dated 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.