Bombardier, Inc. Class B (TSE:BBD.B) Stock Rating Upgraded by CIBC

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. The brokerage currently has C$91.00 target price on the stock, up from their prior target price of C$67.00.

BBD.B has been the topic of a number of other research reports. TD Securities increased their target price 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. Desjardins raised 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 note on Thursday. Royal Bank of Canada boosted their target price on shares of Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the company an outperform rating in a research note on Thursday. UBS Group raised their price target on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. Finally, Scotiabank lowered their price objective on shares of Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an outperform rating for the company in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of C$87.56.

Bombardier, Inc. Class B Stock Performance

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

Insider Transactions at Bombardier, Inc. Class B

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of Bombardier, Inc. Class B stock in a transaction dated Wednesday, March 20th. The shares were 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.

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.