CIBC Has Lowered Expectations for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective decreased by CIBC from C$132.00 to C$127.00 in a report issued on Monday,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Other analysts have also issued reports about the company. TD Securities cut their price objective on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Scotiabank lowered 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 report on Friday, November 1st. National Bank Financial increased their price objective on Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Finally, National Bankshares lifted their target price on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$114.00.

Bombardier, Inc. Class B Stock Performance

Bombardier, Inc. Class B stock opened at C$96.52 on Monday. The firm’s 50 day moving average price is C$101.67 and its two-hundred day moving average price is C$94.58. The firm has a market cap of C$8.35 billion, a PE ratio of 25.01, a P/E/G ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a twelve month low of C$44.29 and a twelve month high of C$113.60.

Insider Buying and Selling

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 5,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were 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 business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. 1.66% of the stock is 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.