Bombardier, Inc. Class B (TSE:BBD.B) Price Target Lowered to C$131.00 at CIBC

Bombardier, Inc. Class B (TSE:BBD.B) had its price target decreased by CIBC from C$134.00 to C$131.00 in a report published on Friday,BayStreet.CA reports.

Several other equities research analysts have also recently commented on the company. Scotiabank cut 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 report on Friday, November 1st. National Bankshares upped their price target on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research report on Friday. Barclays raised their price objective on shares of Bombardier, Inc. Class B from C$70.00 to C$90.00 in a research note on Tuesday, July 30th. Finally, National Bank Financial increased their target price on Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Bombardier, Inc. Class B presently has a consensus rating of “Moderate Buy” and an average price target of C$114.33.

Bombardier, Inc. Class B Price Performance

BBD.B stock traded down C$1.02 on Friday, reaching C$97.95. The company’s stock had a trading volume of 341,603 shares, compared to its average volume of 433,633. Bombardier, Inc. Class B has a 52 week low of C$44.29 and a 52 week high of C$113.60. The firm has a fifty day moving average of C$99.09 and a two-hundred day moving average of C$88.13. The company has a market capitalization of C$8.47 billion, a P/E ratio of 25.38, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Buying and Selling at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 6,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total transaction of C$534,000.00. In other Bombardier, Inc. Class B news, Senior Officer Eve Laurier sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$91.57, for a total transaction of C$366,280.00. Also, Senior Officer Barton Wade Demosky sold 6,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total value of C$534,000.00. 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.