Bombardier, Inc. Class B (TSE:BBD.B) Given New C$105.00 Price Target at TD Securities

Bombardier, Inc. Class B (TSE:BBD.B) had its target price boosted by equities research analysts at TD Securities from C$104.00 to C$105.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 50.93% from the company’s previous close.

BBD.B has been the topic of several other research reports. Royal Bank of Canada upped 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 report on Thursday. Scotiabank dropped 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. UBS Group increased their price objective on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. Desjardins boosted their price target on shares of Bombardier, Inc. Class B from C$96.00 to C$101.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, National Bankshares cut their price target on shares of Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$87.56.

Bombardier, Inc. Class B Stock Up 3.3 %

BBD.B traded up C$2.22 during trading on Thursday, hitting C$69.57. The company’s stock had a trading volume of 604,242 shares, compared to its average volume of 445,362. The stock has a market capitalization of C$5.94 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96. The firm’s 50 day moving average price is C$56.14 and its two-hundred day moving average price is C$52.09. Bombardier, Inc. Class B has a 12 month low of C$39.87 and a 12 month high of C$70.00.

Insider Activity at Bombardier, Inc. Class B

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 that occurred on Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total value of C$767,039.00. 1.66% of the stock is owned by insiders.

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.