CIBC Cuts Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$131.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target reduced by equities researchers at CIBC from C$134.00 to C$131.00 in a note issued to investors on Friday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 32.30% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Barclays lifted their target price on shares of Bombardier, Inc. Class B from C$70.00 to C$90.00 in a report on Tuesday, July 30th. Scotiabank cut shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target for the company. in a research report on Friday, November 1st. National Bankshares increased their target price on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research note on Friday. Finally, National Bank Financial upped their price target on Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$114.33.

Bombardier, Inc. Class B Price Performance

Bombardier, Inc. Class B stock traded up C$0.05 during midday trading on Friday, reaching C$99.02. The company had a trading volume of 187,449 shares, compared to its average volume of 432,922. The firm’s fifty day simple moving average is C$98.91 and its 200-day simple moving average is C$87.86. Bombardier, Inc. Class B has a 12-month low of C$44.29 and a 12-month high of C$113.60. The company has a market capitalization of C$8.57 billion, a P/E ratio of 25.65, a P/E/G ratio of 6.26 and a beta of 2.98.

Insider Activity at Bombardier, Inc. Class B

In related news, Senior Officer Barton Wade Demosky sold 6,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total transaction of C$534,000.00. In related news, Senior Officer Barton Wade Demosky sold 6,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total transaction of C$534,000.00. Also, Senior Officer Eve Laurier sold 4,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of C$91.57, for a total transaction of C$366,280.00. 1.66% of the stock is currently owned by 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.