Bombardier, Inc. Class B (TSE:BBD.B) Lifted to Outperform at CIBC

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

Other research analysts have also issued reports about the company. National Bankshares lowered their price objective 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. TD Securities boosted their target price on shares of Bombardier, Inc. Class B from C$104.00 to C$105.00 and gave the stock a buy rating in a research note on Thursday. UBS Group lifted their price target on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. Royal Bank of Canada boosted their price target on shares of 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, Scotiabank reduced their price objective on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an outperform rating for the company in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of C$87.56.

Bombardier, Inc. Class B Price Performance

Shares of Bombardier, Inc. Class B stock opened at C$71.21 on Thursday. Bombardier, Inc. Class B has a 12 month low of C$39.87 and a 12 month high of C$71.49. The stock has a market capitalization of C$6.07 billion, a P/E ratio of 11.14, a PEG ratio of -0.13 and a beta of 2.96. The business has a 50 day simple moving average of C$56.94 and a two-hundred day simple moving average of C$52.44.

Insider Buying and Selling

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of Bombardier, Inc. Class B stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total transaction of C$767,039.00. 1.66% of the stock is currently owned by company insiders.

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.