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.
Further Reading

Before you consider Bombardier, Inc. Class B, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bombardier, Inc. Class B wasn't on the list.
While Bombardier, Inc. Class B currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.