Bombardier, Inc. Class B (TSE:BBD.B) Price Target Increased to C$61.00 by Analysts at CIBC

Bombardier, Inc. Class B (TSE:BBD.B) had its price target increased by CIBC from C$60.00 to C$61.00 in a report published on Friday, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Other analysts also recently issued reports about the company. Royal Bank of Canada set a C$95.00 price objective on Bombardier, Inc. Class B and gave the company an outperform rating in a report on Thursday, April 4th. National Bankshares decreased their price target on Bombardier, Inc. Class B from C$94.00 to C$93.00 and set an outperform rating for the company in a report on Tuesday, January 9th. Desjardins decreased their price target on Bombardier, Inc. Class B from C$104.00 to C$103.00 in a report on Wednesday, January 10th. Scotiabank decreased their price target on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an outperform rating for the company in a report on Wednesday, April 10th. Finally, UBS Group increased their price target on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of C$81.13.

Bombardier, Inc. Class B Stock Down 2.8 %

TSE BBD.B opened at C$56.95 on Friday. The company has a market capitalization of C$4.86 billion, a price-to-earnings ratio of 8.91, a PEG ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a twelve month low of C$39.87 and a twelve month high of C$71.11. The stock has a fifty day simple moving average of C$53.83 and a 200 day simple moving average of C$50.99.

Insider Buying and Selling

In related 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. 1.66% of the stock is currently 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.