Bombardier, Inc. Class B (TSE:BBD.B) Price Target Lowered to C$127.00 at CIBC

Bombardier, Inc. Class B (TSE:BBD.B - Free Report) had its target price cut by CIBC from C$132.00 to C$127.00 in a research report released on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts have also commented on the stock. National Bankshares upped their price objective on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a report on Friday, November 8th. National Bank Financial increased their price target on shares of Bombardier, Inc. Class B to C$128.00 and gave the stock an "outperform" rating in a research note on Thursday, October 10th. TD Securities lowered their price objective on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Finally, Scotiabank downgraded 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. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$114.00.

Bombardier, Inc. Class B Stock Performance

TSE:BBD.B traded down C$0.46 during midday trading on Monday, reaching C$96.17. 438,872 shares of the stock traded hands, compared to its average volume of 440,709. The stock has a market capitalization of C$8.32 billion, a P/E ratio of 24.91, a PEG ratio of 6.26 and a beta of 2.98. The company has a fifty day moving average of C$102.08 and a 200 day moving average of C$94.34. Bombardier, Inc. Class B has a 12 month low of C$44.29 and a 12 month high of C$113.60.

Insider Activity

In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was 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 Bombardier, Inc. Class B stock in a transaction dated 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. 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.