Bombardier, Inc. Class B (TSE:BBD.B) Stock Rating Upgraded by CIBC

Bombardier, Inc. Class B (TSE:BBD.B) was upgraded by equities research analysts at CIBC from a “neutral” rating to an “outperform” rating in a report released on Thursday, BayStreet.CA reports. The firm presently has a C$91.00 target price on the stock, up from their previous target price of C$67.00. CIBC’s price target would suggest a potential upside of 27.79% from the company’s previous close.

Other research analysts also recently issued reports about the company. Desjardins lifted their target price on Bombardier, Inc. Class B from C$101.00 to C$102.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank of Canada upped their price objective on shares of Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the company an “outperform” rating in a report on Thursday. National Bankshares cut their target price 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 note on Friday, April 26th. UBS Group upped their price target on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. Finally, Scotiabank lowered their price target 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. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$87.56.

Bombardier, Inc. Class B Stock Performance

Bombardier, Inc. Class B stock opened at C$71.21 on Thursday. The stock has a 50-day simple moving average of C$56.52 and a 200 day simple moving average of C$52.21. The stock has a market capitalization of C$6.07 billion, a P/E ratio of 10.92, a PEG ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a 52 week low of C$39.87 and a 52 week high of C$71.49.

Insiders Place Their Bets

In other 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 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.