CIBC Has Lowered Expectations for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its target price lowered by research analysts at CIBC from C$134.00 to C$131.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC's target price would suggest a potential upside of 32.30% from the company's previous close.

A number of other research firms also recently weighed in on BBD.B. National Bankshares lifted 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 boosted their price objective on shares of Bombardier, Inc. Class B from C$70.00 to C$90.00 in a research report on Tuesday, July 30th. National Bank Financial boosted their price objective 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. Finally, Scotiabank downgraded shares of Bombardier, Inc. Class B from an "outperform" rating to a "sector perform" rating and set a C$120.00 price objective for the company. in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$114.33.

Bombardier, Inc. Class B Trading Up 0.1 %

Shares of TSE:BBD.B traded up C$0.05 during midday trading on Friday, hitting C$99.02. The company had a trading volume of 187,449 shares, compared to its average volume of 432,922. Bombardier, Inc. Class B has a 12 month low of C$44.29 and a 12 month high of C$113.60. The stock has a market cap of C$8.57 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 6.26 and a beta of 2.98. The firm has a fifty day simple moving average of C$98.91 and a 200 day simple moving average of C$87.86.

Insider Activity

In other news, Senior Officer Eve Laurier sold 4,000 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of C$91.57, for a total transaction of C$366,280.00. In other news, Senior Officer Barton Wade Demosky sold 6,000 shares of Bombardier, Inc. Class B stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$89.00, for a total value of C$534,000.00. Also, Senior Officer Eve Laurier sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of C$91.57, for a total value of C$366,280.00. Corporate insiders own 1.66% of the company's stock.

Bombardier, Inc. Class B Company Profile

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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