Bombardier, Inc. Class B (TSE:BBD.B) PT Raised to C$61.00

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price objective hoisted by equities researchers at CIBC from C$60.00 to C$61.00 in a research note issued on Friday, BayStreet.CA reports. The firm presently has a "neutral" rating on the stock. CIBC's price target would indicate a potential upside of 4.10% from the stock's previous close.

A number of other equities research analysts have also issued reports on BBD.B. National Bankshares dropped their price target on Bombardier, Inc. Class B from C$94.00 to C$93.00 and set an "outperform" rating for the company in a research report on Tuesday, January 9th. UBS Group upped their price target on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. Scotiabank cut their price objective on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an "outperform" rating on the stock in a report on Wednesday. Desjardins lowered their target price on Bombardier, Inc. Class B from C$104.00 to C$103.00 in a report on Wednesday, January 10th. Finally, Royal Bank of Canada set a C$95.00 price target on shares of Bombardier, Inc. Class B and gave the stock an "outperform" rating in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Bombardier, Inc. Class B presently has a consensus rating of "Moderate Buy" and a consensus price target of C$81.13.

Bombardier, Inc. Class B Price Performance

BBD.B stock traded down C$1.26 during trading on Friday, hitting C$58.60. The stock had a trading volume of 319,963 shares, compared to its average volume of 430,811. The company's 50-day moving average price is C$53.55 and its two-hundred day moving average price is C$50.79. Bombardier, Inc. Class B has a twelve month low of C$39.87 and a twelve month high of C$72.29. The stock has a market capitalization of C$5.00 billion, a P/E ratio of 9.17, a PEG ratio of -0.13 and a beta of 2.96.

Insider Buying and Selling at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total transaction of C$767,039.00. 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.