Bombardier, Inc. Class B (TSE:BBD.B - Free Report) had its target price increased by CIBC from C$167.00 to C$181.00 in a research report released on Monday morning,BayStreet.CA reports.
Other equities analysts have also recently issued research reports about the stock. National Bankshares upped their price target on shares of Bombardier, Inc. Class B from C$115.00 to C$171.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. TD Securities upped their price target on shares of Bombardier, Inc. Class B from C$128.00 to C$151.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. UBS Group upped their price target on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research note on Friday, May 2nd. JPMorgan Chase & Co. upped their target price on shares of Bombardier, Inc. Class B from C$100.00 to C$135.00 in a research note on Wednesday, July 16th. Finally, BMO Capital Markets upped their target price on shares of Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$148.50.
Read Our Latest Report on BBD.B
Bombardier, Inc. Class B Stock Down 0.8%
Shares of TSE:BBD.B traded down C$1.24 during midday trading on Monday, hitting C$160.48. 341,364 shares of the stock traded hands, compared to its average volume of 566,875. The stock has a market capitalization of C$13.88 billion, a PE ratio of 41.58, a P/E/G ratio of 6.26 and a beta of 2.98. The business's 50 day moving average is C$119.74 and its two-hundred day moving average is C$97.50. Bombardier, Inc. Class B has a one year low of C$71.79 and a one year high of C$169.68.
Insiders Place Their Bets
In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of C$94.79, for a total value of C$2,085,358.00. Also, Senior Officer Paul Sislian sold 9,300 shares of Bombardier, Inc. Class B stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of C$105.28, for a total value of C$979,066.80. Insiders sold a total of 124,838 shares of company stock valued at $12,420,520 in the last three months. 1.66% of the stock is currently owned by insiders.
About Bombardier, Inc. Class B
(
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Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.
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