Bombardier, Inc. Class B (TSE:BBD.B) PT Raised to C$67.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective increased by stock analysts at CIBC from C$61.00 to C$67.00 in a research note issued on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s target price indicates a potential upside of 5.03% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada set a C$95.00 price target on Bombardier, Inc. Class B and gave the stock an “outperform” rating in a report on Thursday, April 4th. UBS Group raised their price target on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. Desjardins lowered their price target on Bombardier, Inc. Class B from C$104.00 to C$103.00 in a report on Wednesday, January 10th. National Bankshares decreased their target price on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an “outperform” rating for the company in a report on Friday. Finally, Scotiabank decreased their target price on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating for the company in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$82.00.

Bombardier, Inc. Class B Stock Performance

Shares of TSE BBD.B opened at C$63.79 on Friday. The company has a market cap of C$5.44 billion, a PE ratio of 9.98, a P/E/G ratio of -0.13 and a beta of 2.96. The business has a 50-day simple moving average of C$55.42 and a two-hundred day simple moving average of C$51.70. Bombardier, Inc. Class B has a fifty-two week low of C$39.87 and a fifty-two week high of C$68.79.

Insider Buying and Selling

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the business’s 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 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.