Bombardier, Inc. Class B (TSE:BBD.B) Upgraded by CIBC to “Outperform”

CIBC upgraded shares of Bombardier, Inc. Class B (TSE:BBD.B) from a neutral rating to an outperform rating in a report published on Thursday, BayStreet.CA reports. They currently have C$91.00 price target on the stock, up from their previous price target of C$67.00.

A number of other equities research analysts have also recently commented on the stock. National Bankshares reduced their target price on shares of Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an outperform rating for the company in a report on Friday, April 26th. Desjardins increased their price objective on Bombardier, Inc. Class B from C$101.00 to C$102.00 and gave the stock a buy rating in a research report on Thursday. UBS Group lifted their target price on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. Scotiabank cut 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 research note on Wednesday, April 10th. Finally, Royal Bank of Canada increased their price target on Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the stock an outperform rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of C$87.56.

Bombardier, Inc. Class B Price Performance

Shares of BBD.B traded up C$1.41 during mid-day trading on Thursday, reaching C$71.21. 536,608 shares of the company’s stock were exchanged, compared to its average volume of 450,801. The stock has a market capitalization of C$6.07 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96. The business’s fifty day simple moving average is C$56.52 and its 200-day simple moving average is C$52.21. Bombardier, Inc. Class B has a 52-week low of C$39.87 and a 52-week high of C$71.49.

Insider Activity

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total value of C$767,039.00. 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.