Bombardier, Inc. Class B (TSE:BBD.B) Upgraded at CIBC

CIBC upgraded shares of Bombardier, Inc. Class B (TSE:BBD.B) from a neutral rating to an outperform rating in a research note published on Thursday morning, BayStreet.CA reports. CIBC currently has C$91.00 price target on the stock, up from their previous price target of C$67.00.

Several other equities analysts have also weighed in on the stock. 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. TD Securities increased 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 report on Thursday. Desjardins boosted their price objective on Bombardier, Inc. Class B from C$101.00 to C$102.00 and gave the company a buy rating in a report 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, Scotiabank decreased their price target on shares of Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an outperform rating for the company in a research note 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’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of C$87.56.

Bombardier, Inc. Class B Stock Up 2.0 %

Bombardier, Inc. Class B stock opened at C$71.21 on Thursday. The company has a market capitalization of C$6.07 billion, a PE ratio of 11.14, a PEG ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a 12-month low of C$39.87 and a 12-month high of C$71.49. The firm’s fifty day moving average is C$56.94 and its 200 day moving average is C$52.38.

Insider Buying and Selling at Bombardier, Inc. Class B

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the company’s stock in a transaction 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. Company 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.