Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$181.00 at CIBC

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price objective lifted by equities researchers at CIBC from C$167.00 to C$181.00 in a research report issued on Monday,BayStreet.CA reports. CIBC's price objective would suggest a potential upside of 8.92% from the stock's previous close.

Several other analysts have also commented on BBD.B. Royal Bank Of Canada raised their target price on Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. TD Securities boosted their price target on Bombardier, Inc. Class B from C$128.00 to C$151.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. BMO Capital Markets raised their target price on shares of Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Desjardins raised their price objective on shares of Bombardier, Inc. Class B from C$140.00 to C$175.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Finally, National Bankshares upped their price target on Bombardier, Inc. Class B from C$115.00 to C$171.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$146.67.

Bombardier, Inc. Class B Stock Up 0.4%

TSE:BBD.B traded up C$0.63 during mid-day trading on Monday, reaching C$166.18. The company's stock had a trading volume of 343,219 shares, compared to its average volume of 567,843. The stock has a fifty day moving average of C$115.42 and a 200-day moving average of C$96.16. Bombardier, Inc. Class B has a 1 year low of C$71.79 and a 1 year high of C$169.68. The firm has a market capitalization of C$14.38 billion, a PE ratio of 43.05, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Buying and Selling

In related news, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of Bombardier, Inc. Class B stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of C$94.79, for a total value of C$2,085,358.00. Also, Senior Officer Daniel Brennan sold 11,206 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$92.00, for a total value of C$1,030,952.00. Insiders sold a total of 124,838 shares of company stock valued at $12,420,520 over the last ninety days. 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.

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