CIBC Issues Pessimistic Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price target reduced by CIBC from C$127.00 to C$126.00 in a research report released on Monday,BayStreet.CA reports.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of Bombardier, Inc. Class B from C$133.00 to C$130.00 in a research report on Wednesday, January 15th. National Bank Financial lifted their price target on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. National Bankshares lifted their price target on shares of Bombardier, Inc. Class B from C$130.00 to C$134.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. UBS Group lifted their price objective on Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research report on Wednesday, January 15th. Finally, BMO Capital Markets boosted their price target on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$117.17.

Bombardier, Inc. Class B Trading Up 1.2 %

Shares of BBD.B opened at C$90.58 on Monday. Bombardier, Inc. Class B has a twelve month low of C$44.29 and a twelve month high of C$113.60. The stock’s 50 day moving average is C$97.06 and its two-hundred day moving average is C$95.39. The firm has a market capitalization of C$7.84 billion, a PE ratio of 23.47, a P/E/G ratio of 6.26 and a beta of 2.98.

Insiders Place Their Bets

In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total value of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. 1.66% of the stock is owned by insiders.

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.