Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Expected to Rise, CIBC Analyst Says

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price target upped by stock analysts at CIBC from C$115.00 to C$140.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. CIBC's target price would suggest a potential downside of 5.39% from the stock's previous close.

Several other analysts have also recently weighed in on the stock. Desjardins decreased their price objective on shares of Bombardier, Inc. Class B from C$142.00 to C$140.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. TD Securities dropped their price target on 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. BMO Capital Markets lifted their price target on Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the company an "outperform" rating in a report on Wednesday. UBS Group boosted their target price on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research note on Friday, May 2nd. Finally, Royal Bank Of Canada raised their price target on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Two equities research 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, Bombardier, Inc. Class B has a consensus rating of "Moderate Buy" and an average price target of C$130.08.

Bombardier, Inc. Class B Trading Up 2.8%

BBD.B traded up C$3.98 on Thursday, hitting C$147.97. 812,194 shares of the stock traded hands, compared to its average volume of 556,596. The business has a fifty day moving average price of C$98.38 and a two-hundred day moving average price of C$91.10. The firm has a market capitalization of C$12.80 billion, a PE ratio of 38.33, a P/E/G ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 52 week low of C$71.79 and a 52 week high of C$149.84.

Insider Transactions at Bombardier, Inc. Class B

In related news, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of the business'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, Director Eric Martel sold 34,678 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of C$104.91, for a total transaction of C$3,638,204.22. In the last 90 days, insiders have sold 124,838 shares of company stock valued at $12,420,520. 1.66% of the stock is currently owned by insiders.

Bombardier, Inc. Class B Company Profile

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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