CIBC Has Lowered Expectations for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective dropped by analysts at CIBC from C$132.00 to C$127.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target would indicate a potential upside of 31.58% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. TD Securities reduced their price target on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. National Bank Financial lifted their price objective on shares of Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. National Bankshares upped their price target on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research note on Friday, November 8th. Finally, Scotiabank downgraded Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price on the stock. in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$114.00.

Bombardier, Inc. Class B Stock Up 0.4 %

Bombardier, Inc. Class B stock opened at C$96.52 on Monday. The company has a 50 day moving average of C$101.90 and a 200-day moving average of C$94.46. Bombardier, Inc. Class B has a twelve month low of C$44.29 and a twelve month high of C$113.60. The stock has a market capitalization of C$8.35 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Activity

In other news, Senior Officer Daniel Brennan sold 19,676 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total value of C$1,990,650.43. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total value of C$521,650.00. 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.