Bombardier, Inc. Class B (TSE:BBD.B) Rating Increased to Outperform at CIBC

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) was upgraded by equities researchers at CIBC from a "neutral" rating to an "outperform" rating in a report issued on Thursday, BayStreet.CA reports. The brokerage currently has a C$91.00 target price on the stock, up from their prior target price of C$67.00. CIBC's price objective would suggest a potential upside of 30.37% from the company's current price.

BBD.B has been the subject of a number of other research reports. UBS Group lifted their target price on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. Scotiabank dropped their target price on shares of 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, April 10th. TD Securities raised their price target on Bombardier, Inc. Class B from C$104.00 to C$105.00 and gave the stock a "buy" rating in a research note on Thursday. National Bankshares reduced their price target on shares of Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an "outperform" rating for the company in a research report on Friday, April 26th. Finally, Royal Bank of Canada upped their price objective on Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the stock an "outperform" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Bombardier, Inc. Class B currently has a consensus rating of "Moderate Buy" and a consensus target price of C$87.56.

Bombardier, Inc. Class B Stock Up 3.6 %

Shares of BBD.B stock traded up C$2.45 during mid-day trading on Thursday, reaching C$69.80. 940,889 shares of the company's stock traded hands, compared to its average volume of 449,620. The company has a market cap of C$5.95 billion, a P/E ratio of 10.89, a P/E/G ratio of -0.13 and a beta of 2.96. The company's 50-day moving average price is C$56.14 and its 200-day moving average price is C$52.09. Bombardier, Inc. Class B has a 12 month low of C$39.87 and a 12 month high of C$70.00.

Insider Transactions at Bombardier, Inc. Class B

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the company's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total value of C$767,039.00. Corporate insiders own 1.66% of the company's stock.

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.