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

Bombardier, Inc. Class B (TSE:BBD.B) was upgraded by investment analysts at CIBC from a “neutral” rating to an “outperform” rating in a report issued on Thursday, BayStreet.CA reports. The brokerage currently has a C$91.00 price target on the stock, up from their previous price target of C$67.00. CIBC’s price objective indicates a potential upside of 30.80% from the company’s current price.

BBD.B has been the subject of a number of other research reports. UBS Group raised their target price on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. TD Securities boosted their price objective on Bombardier, Inc. Class B from C$104.00 to C$105.00 and gave the stock a “buy” rating in a report on Thursday. Scotiabank decreased their target price on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 10th. 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 report on Thursday. Finally, 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. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Based on data from MarketBeat, Bombardier, Inc. Class B has a consensus rating of “Moderate Buy” and a consensus target price of C$87.56.

Bombardier, Inc. Class B Stock Performance

BBD.B traded up C$2.22 during trading hours 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 company’s 50-day moving average is C$56.14 and its 200-day moving average is C$52.09. Bombardier, Inc. Class B has a 52 week low of C$39.87 and a 52 week high of C$70.00. The firm has a market cap of C$5.94 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96.

Insiders Place Their Bets

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the business’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.

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.