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

Bombardier, Inc. Class B (TSE:BBD.B) was upgraded by equities researchers at CIBC from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has a C$91.00 price objective on the stock, up from their prior price objective of C$67.00. CIBC’s price objective would suggest a potential upside of 30.80% from the company’s current price.

A number of other equities research analysts also recently weighed in on the stock. Scotiabank lowered their target price on shares of Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 10th. TD Securities lifted their price objective on shares of Bombardier, Inc. Class B from C$104.00 to C$105.00 and gave the stock a “buy” rating in a report on Thursday. Desjardins increased their target price on Bombardier, Inc. Class B from C$101.00 to C$102.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada lifted 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 research note on Thursday. Finally, National Bankshares dropped their target price on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Bombardier, Inc. Class B has a consensus rating of “Moderate Buy” and an average price target of C$87.56.

Bombardier, Inc. Class B Price Performance

TSE BBD.B traded up C$2.22 during trading on Thursday, reaching C$69.57. The company’s stock had a trading volume of 604,242 shares, compared to its average volume of 445,362. The firm has a fifty day moving average of C$56.14 and a 200 day moving average of C$52.09. Bombardier, Inc. Class B has a one year low of C$39.87 and a one year high of C$70.00. The stock has a market capitalization of C$5.94 billion, a PE ratio of 10.89, a P/E/G ratio of -0.13 and a beta of 2.96.

Insider Transactions at Bombardier, Inc. Class B

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 transaction of C$767,039.00. Corporate insiders own 1.66% of the company’s stock.

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.