Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price target lowered by CIBC from C$126.00 to C$110.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. CIBC's price objective would suggest a potential upside of 37.16% from the company's current price.
A number of other research firms have also recently issued reports on BBD.B. UBS Group increased their price target on Bombardier, Inc. Class B from C$70.00 to C$76.00 in a report on Wednesday, January 15th. Royal Bank of Canada cut their target price on Bombardier, Inc. Class B from C$130.00 to C$116.00 and set an "outperform" rating on the stock in a report on Friday. TD Securities dropped their price objective on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research note on Friday, November 8th. Scotiabank cut Bombardier, Inc. Class B from an "outperform" rating to a "sector perform" rating and set a C$120.00 price objective on the stock. in a research note on Friday, November 1st. Finally, Citigroup decreased their target price on Bombardier, Inc. Class B from C$113.00 to C$107.00 in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$112.33.
Read Our Latest Research Report on Bombardier, Inc. Class B
Bombardier, Inc. Class B Stock Performance
Shares of Bombardier, Inc. Class B stock traded down C$2.95 on Friday, hitting C$80.20. The stock had a trading volume of 249,806 shares, compared to its average volume of 603,338. The firm has a market capitalization of C$6.94 billion, a P/E ratio of 20.78, a PEG ratio of 6.26 and a beta of 2.98. The stock has a 50 day moving average of C$94.54 and a 200 day moving average of C$95.36. Bombardier, Inc. Class B has a twelve month low of C$46.75 and a twelve month high of C$113.60.
Insider Buying and Selling
In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 5,000 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total transaction of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of Bombardier, Inc. Class B stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$101.17, for a total value of C$1,990,650.43. 1.66% of the stock is currently owned by company insiders.
About Bombardier, Inc. Class B
(
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Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.
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