Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price objective boosted by investment analysts at CIBC from C$115.00 to C$140.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. CIBC's target price indicates a potential downside of 6.51% from the company's current price.
Other equities research analysts have also recently issued research reports about the stock. UBS Group increased their price target on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a report on Friday, May 2nd. BMO Capital Markets boosted their target price on Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the stock an "outperform" rating in a research report on Wednesday. TD Securities decreased their price objective on shares of Bombardier, Inc. Class B from C$133.00 to C$128.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Royal Bank Of Canada boosted their target price on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Finally, Desjardins reduced their price objective on Bombardier, Inc. Class B from C$142.00 to C$140.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Bombardier, Inc. Class B currently has an average rating of "Moderate Buy" and an average price target of C$130.08.
Read Our Latest Stock Analysis on BBD.B
Bombardier, Inc. Class B Price Performance
TSE BBD.B traded up C$1.73 during trading hours on Thursday, reaching C$149.75. 233,520 shares of the company's stock traded hands, compared to its average volume of 555,704. The firm has a 50-day simple moving average of C$100.72 and a 200 day simple moving average of C$91.75. Bombardier, Inc. Class B has a 52-week low of C$71.79 and a 52-week high of C$149.84. The firm has a market cap of C$12.95 billion, a PE ratio of 38.80, a PEG ratio of 6.26 and a beta of 2.98.
Insider Transactions at Bombardier, Inc. Class B
In other Bombardier, Inc. Class B news, Senior Officer Eve Laurier sold 4,000 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of C$99.26, for a total value of C$397,032.40. Also, Senior Officer Paul Sislian sold 9,300 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of C$105.28, for a total value of C$979,066.80. Over the last 90 days, insiders sold 124,838 shares of company stock worth $12,420,520. 1.66% of the stock is currently owned by corporate insiders.
Bombardier, Inc. Class B Company Profile
(
Get Free Report)
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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