Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Expected to Rise, CIBC Analyst Says

Bombardier, Inc. Class B (TSE:BBD.B) had its target price hoisted by investment analysts at CIBC from C$115.00 to C$140.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target suggests a potential downside of 6.51% from the company’s current price.

Other equities analysts also recently issued reports about the stock. TD Securities dropped their price objective on shares of Bombardier, Inc. Class B from C$133.00 to C$128.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. UBS Group raised their target price on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research note on Friday, May 2nd. BMO Capital Markets raised their target price on shares of Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the company an “outperform” rating in a research note on Wednesday. National Bankshares raised their target price on shares of Bombardier, Inc. Class B from C$103.00 to C$107.00 and gave the company an “outperform” rating in a research note on Thursday, April 17th. Finally, Scotiabank upgraded shares of Bombardier, Inc. Class B from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$105.00 to C$150.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$130.08.

Bombardier, Inc. Class B Stock Performance

Shares of TSE:BBD.B opened at C$149.75 on Thursday. The firm has a market cap of C$12.95 billion, a PE ratio of 38.80, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The firm’s 50 day simple moving average is C$100.72 and its 200-day simple moving average is C$91.77. Bombardier, Inc. Class B has a one year low of C$71.79 and a one year high of C$149.84.

Insider Activity at Bombardier, Inc. Class B

In other news, Director Eric Martel sold 34,678 shares of Bombardier, Inc. Class B stock in a transaction on Monday, June 16th. The stock was sold at an average price of C$104.91, for a total value of C$3,638,204.22. Also, Senior Officer Paul Sislian sold 9,300 shares of Bombardier, Inc. Class B stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of C$105.28, for a total value of C$979,066.80. Insiders have sold 124,838 shares of company stock valued at $12,420,520 over the last 90 days. Corporate insiders own 1.66% of the company’s stock.

About Bombardier, Inc. Class B

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.